HFC Bank has appointed its Executive Director, responsible for Risk Management, Robert Le-Hunte, as the new MD of the bank.

He is expected to take over the running of the bank following  decision of the current boss of HFC bank Asare Akuffo to resign from the institution.

For many the appointment  of Mr. Le-Hunte  is interesting because it is coming shortly after the appoint of Osei Asafo-Adjei as Executive  Director  in Charge of Corporate Banking.

Mr  Asafo-Adjei had been announced as the Executive Director on Thursday April 24 during the Annual General Meeting of the bank.

However after the meeting by the reconstituted board of the institution, the nine directors, appointed  Mr. Le-Hunte as its new MD. 

The board at the same meeting also appointed Vice-Chancellor of the University of Professional Studies, Professor Joshua Alabi, as its board chair.

Until his appointment as Executive Director of HFC bank,  Robert Le-Hunte  was a  director of Republic Bank  in charge of its Africa operations.

Before coming to  Ghana, following the acquisition of some shares in HFC bank, Mr. Le-Hunte was the  General Manager responsible for Planning and Financial Control at Republic Bank in Trinidad and Tobago.

Mr. Le-Hunte holds an economics degree from the University of  Ontario, Canada. 

He also holds an MBA  from the university of  Manchester UK and MSc in Accounting,  from  the University  of  West Indies.  

In a related development, the outgoing Managing Director of HFC bank, Asare Akuffo has announced that the bank is working to establish a presence in some West African Countries soon.

Mr. Asare Akuffo announced this at the bank's 25th anniversary dinner dance.

Public pension trust, SSNIT, has indicated it has no intention of selling its shares in HFC Bank to Republic Bank.

The institution is currently working to take up the remaining 60 percent  shares held  in HFC bank.