[ 2015-04-24 ]

HFC appoints Robert Le-Hunte as new MD
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.

Source - MyjoyOnline

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