CalBank nominates Philip Owiredu as CEO

The Board of Directors of CalBank has nominated Mr Philip Owiredu, as the new Chief Executive Officer (CEO) of the bank, pending the Bank of Ghana (BoG’s) approval.

Mr Owiredu has been the bank’s Executive Director / Chief Financial Officer (CFO) since 2011.

If approved, he would assume the CEO position on January 1, 2020, following the retirement of the current Managing Director, Mr Frank B. Adu, on December 3, 2019.

A press release issued in Accra by the bank on November 6, 2019, said Mr Owiredu had a broad wealth of experience in banking spanning over 15 years across corporate and retail banking, structured and project finance, credit, financial control, treasury, banking and international operations, strategy and capital raising.

It said over the years, he had built strong relationships with other banks and financial partners, operators and international development finance institutions

His time at the bank

Mr Owiredu joined CalBank in 2004 as Financial Controller. Prior to that, he was a Senior Manager at KPMG Ghana. He is a fellow member of the Association of Chartered Certified Accountants.

“With a passion for the growth of the CalBank brand and footprint, Mr Owiredu has made a significant contribution to the expansion of the bank’s business since 2004 and has been an instrumental player in the bank’s solid-track record of sterling performance,” it said.

Meanwhile, two long-serving non-executive directors of the bank, Mr Malcomn Pryer and Dr Kobina Quansah, will also retire on December 3, 2019.