Information reaching us indicates that Stephen Antwi-Asimeng, Chief Executive Officer (CEO) of the defunct UT Bank and Gillian Slater, Chief Operating Officer (COO), have been asked to go home with immediate effect.
This follows the collapse of the once vibrant banks, which collectively had 53 branches, as at the time of the takeover by GCB Bank on Monday.
These banks are currently being absorbed by GCB Bank Limited which increased its current branches nationwide from 161 to 214.
Mr. Antwi-Asimeng assumed the position of CEO with over 25 years of solid professional experience in Banking & Finance, Investment, Management and Leadership, while Ms Slater joined as a seasoned financial professional, with over 20 years of experience gained in several multinational organizations.
During her appointment, she was tasked to drive UT Bank’s financial performance with direct supervision over the finance, treasury and investor relations.
DAILY GUIDE has also been informed that all general managers at the bank have been given six months’ contract, and every other category of staff has been urged to re-apply. Even though workers of the banks have been told not to worry their heads over any job losses in the interim, they are expected to be put on rigorous probation, as GCB Bank undertakes a skills set analysis to determine who would be maintained or sacked.
This exercise is billed to run into the next six months when the full absorption of their companies into the GCB system would have been completed.
The Bank of Ghana (BoG) has also announced that it was carrying out a forensic audit into the causes of the banks’ insolvency, as well as roles played by the directors to ascertain the underlying factors.
To help carry out proper investigations, vehicles of both banks have been grounded for verification by the receiver – Pricewaterhouse Coopers (PwC).
By Samuel Boadi
A Freelance Journalist, Entrepreneur and Philanthropist. Editor-in-Chief of www.233times.com. A contributory writer for Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. He holds first degree in Bachelor of Arts from the University of Ghana; Political Science (major) and History (minor). He has also pursued MSc Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) at the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow (YALI) who studied at Clark Atlanta University on the Business and Entrepreneurship track. His mentors are Rupert Murdoch, Warren Buffet, Sam Jonah, Kwaku Sakyi Addo and Piers Morganview all posts by: Nana Kwesi Coomson
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