News Column

Oguntayo Takes Charge As Skye Bank CEO

July 23, 2014

Obinna Chima

Former Group Managing Director/Chief Executive Officer (GMD/CEO) of Skye Bank Plc, Mr. Kehinde Durosinmi-Etti yesterday formally handed over the mantle of leadership of the bank to his successor, Mr. Timothy Oguntayo.

Speaking at a handing over ceremony in Lagos, Durosinmi-Etti said the event demonstrated the existence of sound corporate governance in the bank which makes succession seamless and rancor-free.

He said having served as CEO of three different banks for a total of 11 years, he felt it was time to leave for another person to come and take the bank to another height.

He described the years he spent at Skye Bank as the hallmark of his banking career, which he described as interesting. He said with the change, there would be a new way of doing things and called on staff members to support the new helmsman.

Durosinmi-Etti said he would continue to work for the success of the bank as well as serve as its ambassador at all times.

In his remarks, Oguntayo thanked his predecessor for his leadership and guidance in the past and wished him success in his future endeavours.

Oguntayo said his aspiration for the bank is to make it a catalyst for economic growth for the country by assisting and funding the small and medium enterprises (SMEs) and developing specialised products for them.

He said he would work to reduce operating cost and lead by example in that respect. In addition, he promised to motivate the workforce by rewarding performance so that the bank would grow.

"My plan for Skye Bank is for the institution to become a major force to be reckoned with in the industry. To become that bank that touches on the economic growth of this country.

"We have played very well in the corporate high end of the market, but we think it is time for us to begin to touch on the SMEs and retail customers and that is what we have set out to do.

"It doesn't mean we are going to abandon the corporate banking segments that are the large companies. We would continue to play in the oil and gas, telecoms, but we must build the SME space," he added.

The Skye Bank boss said the bank would continue to draw from the wealth of experience of Mr. Durosinmi-Etti at all times.

It would be recalled that Durosinmi-Etti started his terminal leave in April after giving notice of his decision not to renew his mandate to the board of the bank after four years in office.

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Source: AllAfrica

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