Dwemoh Benneh is new UMB CEO

Dwemoh Benneh is new UMB CEO

Universal Merchant Bank (UMB) has appointed Nana Dwemoh Benneh as its new chief executive officer.

Mr Benneh takes over from Mr Benjamin Amenumey, who has been CEO for five years.

In his farewell message to Mr Amenumey, UMB Board Chair Ras Boateng said: “Your ability to lead and boost staff morale to give off their very best as well as the strong legacy you have built over the years will impact positively on our future success as we will continue to execute the laudable initiatives you started. We wish you the very best in your future endeavours.’’

“The choice of Nana Dwemoh Benneh as the next CEO of UMB is a step in the right direction in propelling UMB to the next level of success. Nana Dwemoh throughout his career has demonstrated strong leadership and a commitment to excellence and we truly believe that his wealth of experience will serve in the best interest of the bank in achieving its vision as a leader in providing strong financial solutions to its customers.”

Mr Amenumey, in turn, said in his farewell message to customers that: “When I took over the office of UMB CEO, not only did it afford me the honour and pleasure of serving you with the very best of our financial offerings as an indigenous bank, it also allowed me build on the legacies of my predecessors for the next generation”. 

“Looking back on what we have achieved together as partners since I became UMB CEO, I am delighted on how far we have come in weathering the many storms that came our way and I remain very optimistic that even greater exploits will be achieved in the coming years”.

“It is in light of this wonderful future ahead that I am happy to pass on the baton of leadership as UMB CEO to another who will carry on the legacy as I humbly bow out effective January 31, 2021.

“As bittersweet as this is, I am happy for the many strategies we put in place as a bank in securing your finances and growing your businesses. Together we have rolled our timely products, services, processes and interventions that have seen your businesses and personal finances flourish even in the wake of turbulence such as this pandemic. 

“Your feedback to us has also allowed us to consistently provide you with tailor-made financial solutions that has helped shape our country’s economy positively,  while winning us both many industry and personal accolades”.

He said: “With this and so many successes chalked, I believe the new leadership of UMB will propel your business and financial future into much greater heights and I humbly ask you to rally your support behind the new CEO as he steers affairs of this great institution”.

Mr Amenumey added: “I desire to hereby use this opportunity to personally thank you for your business and support of UMB and my leadership as CEO. Our values as a brand have guided me in leading such a dynamic team of staff into serving and delighting your customer experience with S.P.E.E.D. and I know they will still guide this new leadership to give you the very best of our service in this next phase”.

In his remarks, the new CEO said he was honoured and humbled to have been chosen by the Board to lead a strong legacy brand like UMB as its next CEO.

Nana Dwemoh Benneh has 15 years’ experience in the banking industry.

Having worked briefly with Merchant Bank Limited after his graduate studies, he joined Barclays Bank on Barclays Plc’s International Business Leadership Programme designed to develop Business Leaders with global and significant pan African experience.

While with Barclays, he had the opportunity to work in various management roles across several countries in Africa and the UK.

Having led many dynamic teams across as head of retail for Barclay Uganda, he moved to Kenya as the East Africa Regional Sales Manager with oversight over Consumer sales machinery in the Banks East African businesses.

Subsequently, in 2003, Mr Dwemoh Benneh was appointed as director of the SME local business segment for Barclays Africa based in Johannesburg, South Africa with responsibility for the Banks SME strategy for Africa.

In 2005, Nana Dwemoh worked in corporate banking in Barclays Plc as sales director for International Trade and Cash Solutions Barclays PLC, London.

He returned in 2007 to Barclays Bank Ghana as the consumer banking director and is credited with consolidating the gains in the bank’s consumer banking business post the bank’s rapid expansion of the franchise that was undertaken between 2006 and 2007.

Nana Dwemoh joined Stanbic Ghana Limited as executive director for personal and business banking in October 2013.

There, he led the team in significantly growing market share and profitability for the bank’s personal and business banking franchise over the last seven years.

Nana holds an Executive MBA from London Business School and is a member of the International Academy of Retail Banking.