The board of the Universal Merchant Bank (UMB) has appointed Samuel Sakyi-Hyde as the acting CEO of the Bank.
Samuel Sakyi-Hyde is expected to continue to drive the growth strategy of the bank, as the process of executive succession is secured, within regulatory and statutory guidelines.
Sakyi-Hyde is a leading Ghanaian banker with almost 3 decades of experience. His career track includes periods at UniCredit Ghana Limited where he served as the chief executive officer. He has since 2019 served as general manager, Consumer Banking at UMB, where he is recognized and acclaimed for bringing the Consumer Banking Division of the Bank into the black for the first time in a decade.
Speaking on the appointment, George Smith Graham, board chairman at UMB indicated that Sakyi-Hyde comes to the role as part of the succession protocol being deployed, as Nana Dwemoh Benneh proceeds to retire from the Bank. “It is a testament to the robust governance framework we have in place and it is anticipated that the growth strategy and trajectory we have in place will continue seamlessly,” he said.
Samuel Sakyi-Hyde in his comments said he is humbled by the appointment and look forward to contributing to the Bank’s 50-year heritage of positive impact in this market.
“Our brand is strong and the fundamentals of our business are healthy. #UMBUnited will continue to vigorously pursue our growth strategy of achieving dominance in SME and prioritise a digital-led offering. Overall, I am glad to lead a team that has been committed to delivering a uniquely Ghanaian perspective to world-class banking, since 1972.”
Samuel Sakyi-Hyde
A Leading Indigenous Bank
UMB is a leading indigenous bank reputed for bringing a uniquely Ghanaian perspective to banking, since 1972. Headquartered in Accra and licensed by the Bank of Ghana, the Bank operates out of 35 branches across Ghana. Its strategic aspiration is to become a digital – 1st, SME-focused bank. The bank has pioneered several innovations in this market, including the UMB SPEEDAPP, one of the best-performing agnostic banking apps in the sub-region.
Universal Merchant Bank (UMB) is a full-service financial institution specializing in customized banking products and services. UMB opened on March 15, 1972, and is a leading Ghanaian indigenous bank with considerable financial expertise. UMB is recognized for its entrepreneurial approach, innovative use of technology and distinctive banking solutions.
UMB currently has 35 branches, three UMB Centres for businesses, UMB PPP Incubator Centre and a vast network of ATMs. UMB is also ISO 27001 and PCI DSS certified and boasts a full suite of omnichannel solutions including the UMB SpeedApp agnostic mobile banking solution.
UMB has a rich history in the financial industry. It was established with the goal of providing comprehensive and tailored banking services to its customers. Over the years, it has grown to become a reputable banking institution.
UMB offers a diverse range of financial products and services. These include personal and business banking services, wealth management solutions, trade finance, treasury services, and various digital banking options to enhance the banking experience.
The bank is known for its customer-centric approach, aiming to understand the unique needs and goals of its clients. This approach enables the bank to provide personalized solutions and a high level of customer service.
UMB places a strong emphasis on technology and innovation. It continuously invests in modern banking systems and digital tools to streamline processes and offer convenient and secure banking services. The bank is often engaged in various corporate social responsibility (CSR) initiatives aimed at giving back to the communities it serves. These initiatives may include education, healthcare, and community development projects.
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