Kederi nominees, the new owners of First Atlantic Merchant Bank have appointed renowned banker, Karen Akiwumi-Tanoh as acting board chair. Joy Business has learnt the charted accountant by profession assumed the position about month ago after the bank’s board was reconstituted. This was after the Nigerian based equity firm Kederi nominees acquired about 75 percent interest in the bank for 30 million dollars. Madame Karen Akiwumi Tanoh was the former MD for ECOBANK Sierra Leone. She is also credited with leading ECOBANK Transnational Incorporated expansion drive in some African countries. She takes over from the immediate board chair, Philip Owusu who is also a former Chief Executive Ghana Airways. Meanwhile JOY BUSINESS has gathered that some of the top management of the bank have decided to opt out to give the new owners the free hand to carry out their changes.