19-10-2015 by 
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Guaranty Trust Bank Plc (“GTBank” or “the Bank”) has notified The Nigerian Stock Exchange of the retirement of Mr. Ohiosimuan Ohiwerei from the Board of Directors of the Bank with effect from 18 October 2015 at the end of his four-year tenure. Mr. Ohiwerei was appointed as an Executive Director of the Bank on 19 October 2011 and served the Bank for four (4) years. Prior to his retirement, he was the Executive Director responsible for Commercial Banking, Lagos Division and Public Sector. R The vacancy created on the Board by Mr. Ohiwerei’s retirement will be filled by Haruna Musa, whose appointment as Executive Director of the Bank was communicated via our market Bulletin referenced NSE/LARD/LRD/MB12/15/08/28 dated 28 August 2015. Read more

In another development, Prestige Assurance Plc (‘’’the Company”) has notified The Nigerian Stock Exchange that at the Meeting of the Board of Directors of the Company held on the 14 October 2015, Mr. Gopalan Srinivasan (Indian) stepped down as the Chairman of the Company while Mr. Hassan Musa Usman (Nigerian) was appointed as the New Chairman of the Company effective 14 October 2015. According to the Company, the appointment of Mr. Hassan Usman as the Chairman was as a result of the prayers of the Shareholders of the Company at the 45th Annual General Meeting held on the 13 July 2015 where they expressed their wishes to have a Nigerian as the Chairman of the Company. Mr. Hassan Musa Usman graduated with a BA, in Economics (2:1) from the University of Sussex, and an M.Phil. in Development Economics from Darwin College, University of Cambridge. He is an Associate of the Institute of Chartered Accountants in England and Wales. He is also a Registered US National Association of Securities Dealers Series 7 Investment Banking Representative. Mr. Usman has a career spanning over 20 years in the finance and investment advisory as well as Privatisation services covering various sectors and global regions. He recently retired as the Chief Executive Officer (CEO) Aso Savings and Loans Plc after serving his tenure of ten years. Prior to becoming the Managing Director of Aso Savings and Loans Plc he was the Executive Director (investment) Abuja Investment and Property Development Company Ltd. He worked in various organisations amongst which are Citibank, Arthur Andersen S.C London and the Central Bank of Nigeria. Read more

Source: Nigeria Stock Exchange