Miriam Olusanya has become the new and first female Managing Director of GTBank, following her appointment by the The Board of Directors of the parent company, Guaranty Trust Holding Company Plc (GTCO).
The appointment of Miriam Olusanya, as the managing director of Guaranty Trust Bank (GTBank) by the parent company, GTCO Plc has broken the bank’s gender leadership structure for being the first female managing director ever since the bank was established in 1990.
Olusanya joined GTBank as an executive trainee and rose through the ranks until her appointment as an executive director in 2018, a position she held until her appointment as managing director.
With over 23 year’s banking experience that cuts across transaction services, asset and liability management, financial markets, investment banking and investor relations, Olusanya has positioned herself to deal with emerging competition in the industry.
Guaranty Trust Bank remains the most attractive way to gain exposure to Nigerian banks, even as the landscape becomes increasingly competitive, according to Coronation Asset Management.
Olusanya holds a Bachelor of Pharmacy (B. Pharm) degree from the University of Ibadan, Nigeria And a Master of Business Administration (Finance and Accounting) from the University of Liverpool, United Kingdom. Olusanya has also attended several executive management and banking specific developmental programs in leading educational institutions around the world.
Olusanya serves as a non-executive director on the Board of Guaranty Trust Bank (Gambia) Limited. She is also a member of the financial markets sub-committee of the bankers’ committee, the primary interactive policy platform made up of the Central Bank and banks.
Olusanya was the group treasurer and head, wholesale banking division, responsible for balance sheet and financial markets activities of the bank and its African subsidiaries, corporate finance as well as investor relations.
Though not immune from Nigeria’s macro challenges, the company has delivered consistently strong results and superior returns compared with peers.
“The bank is currently being restructured into a Holdco, which we think will provide strategic flexibility and the opportunity to diversify the group’s revenues and better position the bank to deal with emerging competition,” Ope Ani and Guy Czartoryski of Coronation Research, said in a recent published banking sector report.
According to Business Day’s report, Guaranty Trust Bank has maintained strong asset quality consistently during the last four years and, in the analysts view, has the capital buffers to withstand significant shocks.