Home Other News NOVA Merchant Bank Promotes Staff, Flags-Off Executive Trainee Scheme

NOVA Merchant Bank Promotes Staff, Flags-Off Executive Trainee Scheme

by Our Reporter

NOVA Merchant Bank, a leading merchant bank in Nigeria, began 2021 on a
high note as it announced several promotions for its employees who
excelled in the performance of their responsibilities.

The Bank announced on Monday that the promotions are in line with its
goal of building a high performance culture, adding that they cut across
most grade levels including General Manager subject to approval by the
Central Bank of Nigeria.

Managing Director/Chief Executive Officer of the Bank, Mr Nath Ude,
explained that the Bank set out to reward its deserving staff who had in
the last few years put in a lot of effort to ensure it achieved its
goals of providing premium services to its growing clientele at every
opportunity.

“These promotions, given the current operating context, represent a
strong commitment by the Bank to put the right incentives in place to
drive performance across the organisation,” he stated.

On his part, the Chairman of the Board, Mr. Phillips Oduoza, pointed out
that the management of the Bank was involved in continuous training and
retraining to ensure its highly qualified staff are equipped with the
needed tools to surpass customer expectations.

“The Board remains committed to ensure the Bank has a deep talent pool
aligned to the achievement of its strategic objectives. We will continue
to support the management team to ensure this is realised,” Oduoza
explained.

As a fast-growing new business with the resultant need for expansion in
all frontiers, the Bank has painstakingly ensured that key positions are
occupied by well-grounded professionals through a combination of
internal promotion and careful recruitment of good talents.

It is interesting to note that only recently, the Bank launched the NOVA
Executive Trainee Scheme (NETS) programme where “best in class” fresh
hires are trained for six to nine months in a state-of-the-art training
school in an effort to develop its pipeline of leaders. The annual
programme, which commenced with the first stream on the 4th of January
2021, is expected to turn the trainees into well-rounded bankers by its
conclusion. This substantial deployment of resources further highlights
the Bank’s dedication towards training and developing talent.

NOVA Merchant Bank Limited is a licensed, investment grade rated
merchant bank in Nigeria. It offers an integrated suite of financial
solutions covering Wholesale Banking, Investment Banking, Asset
Management, Securities Trading, Wealth Management, Trade Services,
Deposit Taking, Lending Activities, Transaction Banking, Cash Management
and Digital Banking.

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