Polaris Bank appoints two new executive directors

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BY
FESTUS OKOROMADU

Polaris Bank Limited has announced the appointment of Chinwe Iloghalu and Martins Izuogbe as two new members of its executive leadership team.

Iloghalu joins the bank as Executive Director, Lagos and Corporate Banking while Izuogbe joins the bank as Executive Director, Service, and Technology.

The bank in a statement said the appointments would help the bank focus on positioning to compete strongly in Nigeria’s dynamic financial services ecosystem, adding that further appointments will be made to an expanded leadership team over time.

Commenting on the appointments, the MD/CEO of Polaris Bank, Adekunle Sonola said: “I am very pleased to welcome Chinwe and Martins to the executive leadership team at an exciting time for Polaris Bank. Both have extensive experience in the Nigerian banking sector and strong track records in corporate banking, innovation, and technology, which are integral to our strategy. We have set out some ambitious targets for growth over the coming years, and I am confident we have brought together the right management team to deliver those targets. I look forward to working with Chinwe and Martins over the coming months and years.”

Chinwe Iloghalu, the new ED, Lagos and Corporate Banking is a seasoned banker with more than 25 years’ experience in financial services. Prior to her appointment she was the General Manager/Regional Head at Fidelity Bank covering the Lagos operations with extensive experience across the digital and electronic banking ecosystem.

Martins Izuogbe, ED, Service and Technology has experience in the banking sector, all with Fidelity Bank where he served as the Regional Bank Head for Apapa prior to his appointment. He has spent a significant part of his career in operations and IT leadership roles and brings that knowledge to his role leading our service and technology function.

Following the appointments, Segun Opeke (ED Lagos and Corporate banking) and Abdullahi Mohammed (ED North) will complete their tenures on the management team.

Both executives played vital roles during the stabilisation of Polaris Bank following the transition from Skye bank, helping to return the bank to profitability.

Commenting on their contributions to the transition, Adekunle Sonola said: “I would like to offer my thanks to Segun and Abdullahi for their help, support, and guidance over the last six months. Following the acquisition of Polaris Bank by SCIL, they have been integral to the transition process, supporting the new board and CEO to build on the strong foundations they have established.”