Saturday, August 23, 2025
24.2 C
Lagos

Royal Exchange Confirms Auwalu Muktari as Group CEO

The Board of Directors of Royal Exchange Plc has confirmed the appointment of Alhaji Auwalu Muktari, as the substantive Group Managing Director/CEO with effect from June 15, 2016.

Mr. Ken Odogwu, Chairman, Royal Exchange Plc, Mr. Kenneth E. Odogwu commended Muktari’s esteemed service and contributiuon towards the continous expansion of the Group. He also affirmed the Board’s belief in Muktari’s ability to drive the Group towards greater profitability and growth in the years ahead.

Odogwu added that with Muktari’s extensive experience and knowledge of the insurance industry, his primary assignment would be to drive the continuous growth and profitability of Royal Exchange and make the company a market leader in the financial services industry in Nigeria.

Below is a profile of Muktari:

Auwalu Muktari – Group Managing Director, Royal Exchange Plc

He completed his 1st degree in Business Administration and later his Masters Degree in Banking and Finance at Bayero University Kano in 1993 and 1995 respectively. He also attended Ahmadu Bello University Zaria where he obtained a Diploma in Insurance at Credit Level in 1983.

He started his working career with the Kano based insurance company, Kapital Insurance Limited and rose through the ranks to become Head of Re-insurance Department.

Muktari joined Royal Exchange Assurance Nigeria (as it was then known) in 1995 as Branch Manager in Kano, with direct oversight and responsibility over the activities of Bauchi, Maiduguri and Yola offices of the company. In 2003, he became the Regional Director, Abuja.

He left Royal Exchange Plc to become the Managing Director/Chief Executive Officer of Yankari Insurance Co. Ltd in 2008, (later called Fin Insurance to Co. Ltd) and returned to Royal Exchange as the Group Executive Director, Marketing and Sales in 2010.

Muktari was elected in 2010 as an associate member of the Institute of Directors, Nigeria; and is also a professional member of the following bodies: Associate Member, Institute of Management Specialist, UK; Member, Chartered Insurance Institute of Nigeria; Associate Member, Institute of Management and is currently the President of the Institute of Sales and Marketing Management of Nigeria.

He is an alumnus of Harvard Business School, USA and has attended various Executive Management & Development programmes.

About Royal Exchange Plc

Royal Exchange Plc started operations in 1921 and continues to be driven by innovation and a determination to offer services that are of exceptional value to its customers.

Following the recapitalisation exercise in 2007, the company was reorganised into a group structure comprising Royal Exchange Plc as the holding company and five strategic subsidiaries namely:

· Royal Exchange General Insurance Company Limited (Non-Life Insurance Services)
· Royal Exchange Prudential Life Plc (Life Assurance Services)
· Royal Exchange Finance and Investments Limited (Financial Advisory Services)
· Royal Exchange Healthcare Limited (HMO and Health Insurance)
· Royal Exchange Microfinance Bank Limited (Banking Services)

spot_img
spot_img

Hot this week

Celebrating 24 Years of Telecom Transformation in Nigeria

By Elvis Eromosele Twenty-four years ago, Nigeria took a giant...

NIIRA Act: Continental Re ED Technical, Akwiwu, Emphasises Strong Governance in Insurance Firms

L-R: Chairman, Retreat Planning Committee, Oluwamuyiwa Aderibigbe and Executive...

AERMP Holds Mid-Year Conference, Induction 2025 in Lagos

L-R: THE REGISTRAR, JAMES HOPE UNIVERSITY, Dr. UZOR ACHUGAMONU,...

Fidelity Bank Resumes International Transactions on Naira Debit Cards

Tier-one Lender, Fidelity Bank Plc, has announced the resumption...

BudgIT Faults Finance Min, Budget Office over Budget Implementation Reports

BudgIT, a prominent civic-tech organisation promoting transparency and accountability...

Topics

ADfB Supports Female Entrepreneurs in Nigeria with $50m

The Board of Directors of the African Development Bank...

Fish Farmers Appeal to FG for Special Movement Permit amidst Lockdown

  To curb losses in the fish farming value chain,...

NNPCL Alleges Co-ordinated Sabotage Campaign Against its Leadership

The Nigerian National Petroleum Company Limited (NNPC Ltd) has...

PAPSS Hosts Inaugural Bank CEOs Consultative Forum

  Promoters of the Pan-African Payment & Settlement System (PAPSS),...

Business Journal Weekly Online Newspaper to go LIVE August 7

The Business Journal weekly online newspaper will commence publication...

Union Bank Backs 10th Edition of Maltina Teacher of The Year Program

Union Bank of Nigeria, in continuation of its on-going...

Hilda Baci Cook-a-thon 2023: 4.8bn Global Audience, Nigeria/USA Lead in Media Coverage

  Leading Media Intelligence Consultancy, P+ Measurement Services, conducted a media performance...

Local Bourse Reverses Negative Performance…ASI up 0.33%

In line with our expectation, the domestic equities market...
spot_img

Related Articles

Popular Categories

spot_imgspot_img