Stephen Antwi- Asimeng to take over as new CEO of UT Bank

The current Chief Operating Officer of UT bank, Stephen Antwi- Asimeng is expected to take over as the new Chief Executive of UT bank.

Mr. Stephen Antwi-Asimeng is expected to assume office as boss of the bank by January 2016.  

He is taking over following the decision of current UT bank Chief Executive Prince Kofi Amoabeng to step down by December 2015.

Speaking to JOY BUSINESS, Mr. Antwi-Asimeng says he is committed to fast tracking on-going programmes to turn around the fortunes of the bank.

Prior to his appointment as Chief Operating Officer at UT Bank, Mr. Antwi-Asimeng was the Chief Operating Officer at Universal Merchant Bank and is expected to drive the new strategic direction of being the preferred bank in the country.  

Mr. Antwi-Asimeng brings on board over 25 years of solid professional experience in Banking & Finance, Investment, Management and Leadership is directly responsible for Banking Operations, Banking Technology, Compliance, Service Quality and General Services.

He has held several Senior and Executive Management positions including Board level appointments in the banking and financial services industry in Ghana. 

He started his banking career in 1991 with the National Investment Bank Limited, and then Ecobank Ghana Limited (from 1995 to 1998) where he initially worked as a Credit Officer, later joining the Bank's Capital Markets team as Senior Corporate Finance Officer. 

In 1998, Stephen joined the Fidelity Group (now Fidelity Bank).  He held several positions in the group including starting the group's lending business and building its investment banking portfolio.

During the years 2004 to 2013, he held the role of Managing Director of Fidelity Capital Partners Limited, a member of the Fidelity Group. 

During this period, Stephen led and built the Private Equity and Venture Capital Fund Management Team and portfolio of the Company from two professionals into a leading SME Private Equity business in West Africa and oversaw a ten-fold increase in assets under his management. 

The last position he held before joining UT Bank was as the Operating Officer at Universal Merchant Bank Limited where he played several key roles in the rebranding, turnaround and business growth of the bank.

 He has significant experience in Corporate Finance Advisory Services, Project Management, Loan Syndications, Credit Management, Corporate Restructuring and Operations. 

He has participated and led several multidisciplinary international teams to undertake due diligence reviews, privatisation assignments and mergers and acquisition transactions in Ghana and other African countries. 

He has extensive domain experience across several sectors including healthcare, pharmaceuticals, manufacturing and financial services. 

He has served as a non-executive director on several company boards in Ghana and the West African sub-region as well as being a three-term director of the reputable African Venture Capital Association. 

In 2013, Stephen was appointed by the United Nations Economic Commission for Africa to its Ad-hoc Committee of Experts in SME Finance in Africa.

 Stephen holds a Master of Arts degree in Banking and Finance from the University of Wales, UK and a Bachelor's degree in Economics from the University of Ghana, and received executive education from reputable institutions including the Amsterdam Institute of Finance and Harvard Business School.