Fidelity Bank Plc has announced the retirement of Mohammed Balarabe as the company’s Deputy Managing Director (DMD). In a statement by Fidelity Bank’s Company Secretary, Ezinwa Unuigboje, the lender disclosed that Balarabe’s retirement would take effect from Tuesday, December 31, 2019.
The Details: This notification is in line with the Bank’s Human Capital Policy and predicated on the attainment of retirement age.
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The lender also stated that Balarabe’s retirement was approved by the Board of Directors while the Central Bank of Nigeria was also notified of the change.
In addition to this notification, the bank disclosed that Hassan Imam has been appointed as the new Executive Director for the North Directorate. The appointment would take effect from Wednesday, January 1, 2020.
Mohammed Balarabe’s Profile: Mohammed Balarabe was appointed to the Board of Fidelity Bank on April 1, 2012, and as Deputy Managing Director (DMD) on May 2, 2016.
He currently serves as the Deputy Managing Director and is also in charge of Commercial and Consumer Banking (North), with responsibilities covering the management of Fidelity Bank’s locations in Northern Nigeria and the Federal Capital Territory, Abuja.
He is well experienced across various aspects of banking spanning more than 25 years, Balarabe holds a Bachelor’s degree in Accounting and Finance from Nottingham Trent University, United Kingdom, and an M.Sc. in Finance from the University of Lagos. He is a chartered stockbroker and dealing member of the Nigerian Stock Exchange.
Mohammed Balarabe was an Executive Director with Oceanic Bank International Plc and Ecobank Nigeria Limited prior to joining Fidelity Bank Plc. He was also a General Manager in United Bank for Africa (UBA) Plc and had been the General Manager & Chief Executive of Newdevco Finance Services Company Limited.
Hassan Imam’s Profile: Hassan Imam holds a Bachelor’s Degree in Economics, two regular Masters’ Degrees, and an MBA. He has attended a number of executive and banking-specific programmes in leading educational and professional institutions such as Harvard, Stanford, and Wharton.
He has 25 years of comprehensive experience across various areas of Banking including; Commercial Banking, Consumer Banking, SMEs, Institutional Banking, Trade Finance, Operations, Treasury and Risk Management. He served in roles pertaining to Fidelity Bank‘s Commercial, SME, Consumer and Public Sector business in the North Directorate comprising 18 states and Abuja.
He currently serves as the Executive Director, Regional Head Abuja 1 Bank.