Philip Owiredu, Executive Director at CalBank, is set to take over as CEO of the bank, pending approval by the Central Bank, upon the retirement of Frank Adu Jnr., the bank’s board has announced. Mr. Owiredu has been the Bank’s Executive Director/Chief Financial Officer (CFO) since 2011.
Upon approval, Mr. Owiredu will assume the Chief Executive Officer position on 1st January 2020, following the retirement of the current Managing Director, Mr. Frank B. Adu on 31st December 2019.
Mr. Owiredu comes with a broad wealth of experience in banking spanning over 15 years across corporate banking, retail banking, structured & project finance, credit, financial control, treasury, banking operations, international operations, strategy and capital raising. Over the years, he has built strong relationships with other banks and financial partners, regulators and international development finance institutions.
Mr. Owiredu joined CalBank in 2004 as Financial Controller. Prior to joining the Bank, he was a Senior Manager at KPMG Ghana, a leading firm of chartered accountants, management consultants and tax advisers. He is a fellow member of the Association of Chartered Certified Accountants (FCCA).
With a passion for the growth of the CalBank brand and footprint, Mr. Owiredu has made a significant contributioo 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.
In addition to the Managing Director Frank B. Adu, two long-serving, non-executive directors of CalBank, Malcolmn Pryor and Dr. Kobina Quansah will be retiring on 31st December 2019.