Republic Bank (Ghana) PLC announced the expiration of the term of Charles William Zwennes, Chairman of the Republic Bank (Ghana) PLC Board at the end of April 2023 and the subsequent appointment of Mr. Paul King Aryene to replace him.

Mr. Zwennes was appointed to the Board of Republic Bank (then HFC Bank) in April 2015 as a representative of Republic Financial Holdings Limited (RFHL). He was subsequently appointed as the Chairman of the Board of Directors in April 2017.

Mr. Zwennes took over the chairmanship at a critical time in the Bank’s history and played a pivotal role in the Rebranding exercise from HFC Bank to Republic Bank. He served with distinction in shaping Republic Bank (Ghana) PLC’s strategic direction, driving innovation, and fostering a culture of excellence. Under his guidance, Republic Bank achieved significant milestones, strengthening its position in the banking sector.

As Mr. Zwennes ended his term, the Board of Directors expressed its deepest gratitude to Mr. Zwennes for his leadership, invaluable contributions, and dedication throughout the years.

To ensure a smooth transition, the Board, at its board meeting, appointed Mr. Paul King Aryene as the Acting Chairman of the Republic Bank (Ghana) PLC Board and Chairman of the Bank’s Annual General Meeting.

Mr. Paul King Aryene served as the Ambassador to the Federal Republic of Germany with concurrent accreditation to Estonia, Latvia and Lithuania.

Paul King Aryene is a diplomat of high repute and has served in various positions at both the Ministry of Foreign Affairs and its overseas Missions.

Profile of Paul King Aryene

Mr. Paul King Aryene was appointed to the Republic Bank Board in April 2015.

Mr. Aryene holds a degree from the University of Ghana, a Diploma in Diplomacy from the University of Nairobi, and a Diploma in Investment Analysis from the Research Institute of Investment Analysts, Malaysia and a Cyber Security Certificate – Developing a Business Program.

Mr. Aryene is the Chairman of the Remuneration and Nominations and the Cyber and Information Security Committees of the Board and a member of the Audit and Enterprise Risk Committees of the Board. In addition, he is the Board member responsible for relations with the minority shareholders of the Bank.

Mr. Aryene also serves as Chairman of the Board of HFC Realty Company Limited. He is well versed in the affairs of the Bank.

He brings a wealth of industry experience and a proven record of accomplishment. The Board has complete confidence in Mr. Aryene’s ability to lead Republic Bank (Ghana) PLC during this interim period.

The Board of Directors takes the opportunity to wish Mr. Paul King Aryene a successful acting tenure. They assure the Bank’s investing public and cherished customers that Republic Bank will remain dedicated to its core mission and continue to thrive and build upon its strong foundation.