The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, recently inaugurated a new board for the Asset Management Corporation of Nigeria (AMCON) led by Dr. Bala Bello with a charge to unlock balance sheet space for banks, support financial sector reform, and strengthen private sector participation in the economy as well as create an environment for responsible exit.
The constitution of the 10-member board was drawn from different sectors of the economy, but who is the head of this newly constituted board tasked with aligning AMCON to global best practices?
Dr. Bala Bello, the chairman of the new AMCON board, hails from Taraba state and is a seasoned Nigerian banker and public official. He is the current Deputy Governor of the Corporate Services Directorate at the Central Bank of Nigeria (CBN) and was formerly the Executive Director of Corporate Services at the Nigerian Export-Import Bank (NEXIM) from 2017 to August 2023, having been reappointed in 2022 for another five-year term.
He has a career in the financial sector spanning over two decades, having taken up roles at Guaranty Trust Bank Plc, the Securities and Exchange Commission (SEC), and Sigma Pensions Ltd, where he served as Executive Director (Operations).
Dr. Bello holds a Bachelor of Science in Accounting and an MBA from Ahmadu Bello University, Zaria. He has also taken programs at prestigious institutions, including the High Potential Leadership Program at the Harvard Business School, the Executive Development Program at Wharton Business School, and additional certifications from Stanford Graduate School of Management, Richard Ivey School of Business in Canada, and the New York Institute of Finance.
Additionally, he holds honorary doctorates in Business Administration and Leadership and Management from the Commonwealth University in conjunction with the London Graduate School, and ESAE University, Republic of Benin, respectively.
He is an honorary senior member of the Chartered Institute of Bankers of Nigeria, a fellow of the Institute of Credit Administration, and a member of the Certified Pension Institute of Nigeria. He has also been recognized as an Ambassador for Peace by the Universal Peace Federation.
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