BrandArena: Diamond Bank Gets New GMD, As Otti Bows Out

Saturday 25 October 2014

Diamond Bank Gets New GMD, As Otti Bows Out

A new Group Managing Director has been appointed for Diamond Bank, BrandArena has learnt.

In a statement made available to us on Friday, it was revealed that Uzoma Dozie will replace Alex Otti, who voluntarily retired as Diamond Bank GMD/CEO.

In an official statement released by the Bank's Corporate Communications Department, Chairman of the Board of Directors, HRM Igwe Nnaemeka Alfred Achebe (the Obi of Onitsha) announced the changes in management stating that Mr. Dozie appointment was in recognition of his extensive managerial capabilities.

According to the statement, "We are pleased to announce the appointment of Mr. Uzoma Dozie as the new Group Managing Director/ Chief Executive Officer of Diamond Bank Plc in consonance with the Bank's succession strategy and in recognition of Mr. Dozie's wealth of banking knowledge.

Expressing that the outgoing GMD/CEO will be sorely missed, Igwe Achebe extolled Dr. Alex Otti's enviable achievements in the Bank, describing his tenure as "the brightest years of Diamond Bank's 24 year- history".

Under Dr. Alex Otti's stewardship, Diamond Bank made a remarkable return to profitability and has continued to record impressive growth across all performance indicators year-on-year. After writing off toxic risk assets which resulted in the loss of N16 billion in 2011, the Bank posted a profit before tax of N28.36 billion in 2012 and N32.5 billion Naira in 2013.

1 comment:

  1. Hope its gonna be for greater development