Royal Exchange appoints Banmonre as GMD


By Omobola Tolu-Kusimo

The Board of Directors of Royal Exchange Plc has announced the appointment of Mr. Olawale Banmore as the new Group Managing Director.

The Board also appointed John Iwuajoku as the Group Executive Director, Operations.

The company stated that both appointments are effective, December 4, 2019.

Its Chairman, Board of Directors,  Mr. Kenneth E. Odogwu in a statement, said  Banmore, with his extensive experience and knowledge of the insurance industry, will seek to drive the continuous growth and profitability of the company and make the group a market leader in insurance and financial services in Nigeria, while Iwuajoku will focus on digital transformation, corporate restructuring and operational efficiency across the group.

According to Odogwu, these two appointments were done in order to ensure that Royal Exchange continues to seek and take advantage of the numerous opportunities that abound in the financial services sector.

Besides, the new GMD and GED will…



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