Managerial shakeup in the wake of the GCB Bank takeover; top bankers lose jobs

Managerial shakeup in the wake of the GCB Bank takeover; top bankers lose jobs

- Two top executives of the then UT Bank, Stephen Antwi-Asimeng, the then CEO, and Gillian Slater, the then COO have been relieved of their jobs

- Workers of the two affected banks have been assured of job security, though they would be assessed to find out if they are up to the task

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It appears the dust is yet to settle with regard to the takeover of Capital Bank and UT Bank by GCB Bank about 48 hours ago.

Managerial shakeup in the wake of the GCB Bank takeover; top bankers lose jobs

Anselm Ransford Sowah, Managing Director of GCB Bank

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Information reaching YEN is to the effect that the top two executives in the then UT Bank, Stephen Antwi-Asimeng and Gillian Slater have lost their jobs.

The two, then Chief Executive Officer (CEO) and Chief Operating Officer (COO) respectively, appear to be the first executives asked to vacate their offices with immediate effect.

Antwi-Asimeng came into office as CEO with over 25 years of experience under his belt, spanning areas such as Banking & Finance, Investment, Management and Leadership.

Slater, on the other hand, is an experienced financial professional with over 25 years of experience accumulated from several institutions.

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All general managers, it is alleged, are currently on a six – months contract, as all other categories of staff have been asked to re – apply.

Information available is to the effect that though workers have been assured that their jobs are safe, they may nevertheless undergo an intensive training session in a bid to determine their competence.

The retraining and reassessment programme is expected to span for six months, the time by which the integration of the two former banks into the GCB Bank would be complete.

The Bank of Ghana has indicated intention to carry out a forensic audit into the operations of the two former banks, and penalize officials who are found culpable of mismanagement.

In the light of this, official vehicles of both banks have been grounded for examination by the appointed receiver, Pricewaterhouse Coopers (PwC).

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Source: Yen.com.gh

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