You are here: HomeNews2017 08 18Article 570833

Business News of Friday, 18 August 2017

Source: adomonline.com

Anthony Jordan appointed Acting Managing Director of HFC

Thebftonline.com can confirm that, Anthony Jordan, General Manager in charge of Risk Management at HFC Bank has been appointed the acting Managing Director of the Bank.

His appointment comes, barely 48 hours after the shareholders of the bank were informed of the early retirement of the current Managing Director of HFC Bank, Robert Le Hunte.

Mr. Robert Le Hunte, who has been with the bank in the last four years has been appointed Minister of Public Utilities back in his native Trinidad and Tobago, and he is expected to from Friday August 18, 2017 vacate the banking post and return home.

As Mr. Jordan takes over the management wheels of the HFC Bank, he will have the huge responsibility of approach its shareholders for an additional capital injection of GH¢50 million.

The amount according to the bank is to help it meet the Bank of Ghana’s (BoG) minimum capital of GH¢120 million before the end of 2017 as the bank’s capital currently stands at GH¢ 96 million.

He will also have to now oversee, a smooth transition process of rebranding of the bank from HFC bank to Republic Bank before the close of the year.

Mr. Jordan before his appointment to the Acting Managing Directorship position, had the responsibility for Enterprise Wide Risk Management including Market, Credit, Operational, Compliance, Information and Technology risk.

Prior to joining HFC bank he was the Assistant General Manager-Corporate and Investment banking at Republic Bank Limited in Trinidad & Tobago with responsibility for all aspects of Business development in both Corporate banking and the Capital markets.

Mr. Jordan holds an Executive Masters of Business Administration, and a Bsc Management studies from the University of the West Indies. He is also an Associate of the Chartered Institute of Bankers, London (ACIB).