The Ghana Amalgamated Trust (GAT) has appointed Mr Albert Essien, formerly of Ecobank and Mr Eric Nana Otoo, formerly of Goldman Sachs, Mckinsey and Duet as its Board Chairman and Managing Director (MD) respectively.
A press statement issued from GAT on Tuesday named the other members of the top management team as; Ms Susan Ohene, formerly of Ecobank Transnational Incorporate (ETI), Mr Sampson Akligoh, the Director of Financial Sector Division at the Ministry of Finance, and Ms Abenaa Kessewaa Brown, a Principal of the National Banking College (NBC) and Director of Consolidated Bank Ghana Limited.
It said Messrs Essien and Otoo will leverage their track records to build a team that would lead the transformation process in the five banks that GAT would be supporting.
GAT, a special purpose vehicle (SPV) backed by the government, was incorporated in December 2018 to raise up to GH¢2 billion and invest in five indigenous banks.
They are the state-owned ADB Bank and National Investment Bank (NIB). The rest are Universal Merchant Bank (UMB), Prudential Bank and OmniBank, which is merging with Sahel Sahara Bank.