GT Bank’s GMD Agbaje Wins African Banker of the Year Award
Mr. J. K. Olusegun Agbaje, the Group Managing Director of Guaranty Trust Bank Plc has won the 2012 African Banker of the Year award at the 6th and first ever African Banker Awards held in Africa.
Mr. Tim Turner, Director of the Private Sector Operations of the African Development Bank (AfDB), made the presentation of the award at the well attended African Banker Awards on May 30, 2012, in Arusha, Tanzania.
Other winners included Mr. Arnold Ekpe, Group Managing Director of Ecobank Transnational Incorporated (ETI) who was given a Lifetime Achievement Award and Access Bank Plc won the Best Bank in West Africa Award.
The African Banker Awards is one of the biggest landmark annual events that recognizes and celebrates the achievements of Africa’s banking and financial sector.
About Mr. Agbaje:
With over 19 years investment and international banking experience, Mr. Agbaje is involved in the general management of the bank’s day-to-day operations and has earned a reputation as a truly accomplished and highly respected professional within the West Africa sub-region, given his diverse experience in the financial services industry.
Prior to joining Guaranty Trust Bank plc, he worked with Ernst & Young, San Francisco, USA. He subsequently joined Guaranty Trust Bank as a pioneer staff in 1991 and rose through the ranks to become an Executive Director in January 2000, and Deputy Managing Director in August 2002, in light of his diverse background and experience in almost all areas of the bank’s activities including commercial banking, investment banking, treasury, corporate planning and strategy, settlements and operations.
Mr. Agbaje possesses a deep understanding of the Nigerian business environment having initiated and led the execution of large, innovative and complex transactions in financial advisory, structured and project finance, balance sheet restructuring and debt and equity capital raising in several sectors of the Nigerian economy notably Oil and Gas, Energy, Telecommunications, Financial Services and Manufacturing industries. In addition, he helped in developing the Interbank Derivatives market amongst dealers in the Nigerian banking industry and introduced the Balance Sheet Management Efficiency system.
He was also very instrumental in putting together Guaranty Trust Bank’s landmark USD350million Eurobond offering in 2007 and later that year, the listing of its US$750 million Global Depository Receipts (GDR) in an unprecedented concurrent global offering in the domestic and international capital markets – which made Guaranty Trust Bank the first Nigerian company and first bank in Sub-Saharan Africa to be listed on the Main Market of the London Stock Exchange. In 2011, he further led GTBank to launch the first Sub-Saharan Africa financial sector benchmark Eurobond when the Bank launched its USD500million Eurobond without a sovereign guarantee or credit enhancement from any international financial institution.
Mr. Agbaje serves on the boards of several other notable companies including Guaranty Trust Assurance Plc, Guaranty Trust Bank (Ghana) Limited, Guaranty Trust Bank (Gambia) Limited and Guaranty Trust Bank (UK) Limited.
He is an alumnus of the Harvard Business School and holds a B.Sc and MBA from the University of San Francisco, USA.
Mr. Agbaje was appointed Acting Managing Director of Guaranty Trust Bank plc in April 2011, and became Managing Director/Chief Executive Officer of the Bank in June, 2011.
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