Zenith Bank - Ebenezer Onyeagwu

Zenith Bank Announces New GMD/CEO


The management of Zenith Bank Plc. has announced the appointment of Mr. Ebenezer Onyeagwu as its Group Managing Director/CEO.

Onyeagwu whose appointment takes effect from June 1, 2019, replaces Mr. Peter Amangbo, whose tenure expires on May 31, 2019, after 27 years with the bank and the last five years as GMD/CEO.

A statement from the Bank sent to the Nigerian Stock Exchange (NSE) on Monday, April 8, states that the appointment is subject to the approval of the Central Bank of Nigeria (CBN).

Mr. Ebenezer Onyeagwu is an alumnus of the University of Oxford, England, where he obtained a Postgraduate Diploma in Financial Strategy, and certificate in Macroeconomics.

He undertook extensive executive level business education in Wharton Business School of the University of Pennsylvania, Columbia Business School of Columbia University, the Harvard Business School of Harvard University (all in the United States) and Lagos Business School, Nigeria.

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He is a Chartered Accountant and was named a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), in 2003.

As Deputy Managing Director, Mr. Onyeagwu has oversight over the bank’s Financial Control and Strategic Planning, Risk Management, Retail Banking, Institutional and Corporate banking business portfolios, IT Group, Credit Administration, Treasury and Foreign Exchange Trading, as well as general administration of the bank.

A graduate of Auchi Polytechnic, Onyeagwu has close to 30 years’ experience in the banking sector having started his career at the defunct Financial Merchant Bank in 1991. He later held several management positions in the erstwhile Citizens International Bank Limited until 2002 when he joined Zenith Bank Plc as a Senior Manager.

He rose to become the Assistant General Manager and Deputy General Manager between 2003 and 2005, and eventually, General Manager of the bank.

In 2013, he became the Executive Director of the bank and was in charge of Lagos and South-South Zones as well as strategic groups/business units of the bank including Financial Control & Strategic Planning, Treasury and Correspondent Groups, Human Resources Group, Oil and Gas Group, and Credit Risk Management Group, etc.

Then in 2016, he became the Bank’s Deputy Managing Director.

Mr. Onyeagwu now heads the board of Zenith Bank Ghana, Zenith Pensions Custodian Limited, Zenith Nominees Limited and African Finance Corporation.