Guaranty Trust Holding Company (GTCO) has announced a major restructuring of its board, ushering in a new phase for the Nigerian financial powerhouse. The company revealed the appointments of former Central Bank of Nigeria (CBN) deputy governor Suleiman Barau as chairman and Helios Investment co-founder Babatunde Soyoye as an independent non-executive director.
The decision follows the retirement of two notable figures — Hezekiah Oyinlola, GTCO’s chairman since the holding company’s inception, and Helen Bouygues, an American executive known for her strategic direction and independence on the board.
The announcement was confirmed in a statement released by GTCO’s company secretary, Erhi Obebeduo, on 5 June. It marks a pivotal moment for the organisation as it continues to position itself as a forward-thinking player in the financial services space.
A New Era Begins with Familiar Faces
With over three decades in regulatory and monetary policy, Suleiman Barau brings a wealth of experience to the boardroom. He previously served as a deputy governor of the CBN and has advised on critical reforms within Nigeria’s financial system. His appointment is pending final regulatory approval.
“We are honoured to have Mr Suleiman Barau assume the role of chairman,” said Segun Agbaje, GTCO’s group chief executive officer. “His deep regulatory experience and proven leadership within the financial sector will be instrumental in guiding the board’s oversight as we execute our strategic intent.”
GTCO also expressed gratitude to its outgoing chairman, noting that “his leadership helped shape our governance structure and long-term strategy.”
Meanwhile, Babatunde Soyoye is set to bring a private equity edge to the board. As co-founder and managing partner at Helios Investment Partners LLP, he has built a reputation for driving complex deals and delivering growth across Africa. The Central Bank has already greenlit his appointment.
“His extensive experience in strategic investment, combined with a strong track record of driving growth across sectors, makes him a valuable addition,” Mr Agbaje added.
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