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NOVA Merchant Bank Appoints Onokpasa Executive Director

NOVA Merchant Bank, on Thursday, said the Central Bank of Nigeria has approved its appointment of Emmanuel Onokpasa as Executive Director, Wholesale Bank, and Treasury.

He will oversee the bank’s Corporate Banking, and Commercial Banking, including Energy, Power, Telecoms, Products/Channels, Digital Banking, Treasury, Correspondent Banking, and Financial Institutions.

Onokpasa, the bank said in a statement comes to the job with over three decades of experience spanning multi-currency balance sheets, foreign exchange risk hedges and trading, fixed income securities, structured trade, and finance, debt raising, international trade, wholesale banking, business strategy, operations, auditing and consulting.

A graduate of Accounting from the University of Benin, he has served as Group Treasurer and Head of Global Financial Institutions & Structured Finance in leading banks in Nigeria and oversight of African countries.

The Executive Director is a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), Member of the Chartered Institute for Securities and Investment UK (MCSI), Fellow of the Institute of Credit Administration, Member of the Chartered Institute of Taxation of Nigeria and Honorary Senior Member of the Chartered Institute of Bankers (HCIB).

He is also an alumnus of the Harvard Business School, the Lagos Business School, and a Member, Institute of Directors UK (MIoD).

Commenting, the Chairman NOVA Merchant Bank, Phillips Oduoza expressed the board’s commitment “to strengthening the talent pool of the Bank with the requisite skills and experience to drive the achievement of its strategic goals”.

The statement also quoted the Managing Director/Chief Executive Officer, Nath Ude, as describing the appointment as “a welcome development aimed at deepening the management and will further enable us to drive our overarching philosophy of “New Thinking. New Opportunities.”

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