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Why Was Henry James Semenitari Picked As LEADERSHIP Banker Of The Year 2014?

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Why Was Henry James Semenitari Picked As LEADERSHIP Banker Of The Year 2014?

Why Was Henry James Semenitari Picked As LEADERSHIP Banker Of The Year 2014?
LEADERSHIP Banker Of The Year 2014 – Henry James Semenitari (MD/CEO, Unity Bank Plc)
From rallying the bank from a shrinking asset base to the position of seventh largest bank in Nigeria, with shareholder’s fund at N51.2 billion, Henry James Semenitari is LEADERSHIP Banker of the Year 2014.
When James Semenitari took the reins of management at Unity Bank Plc in 2011, it was evident that he had his job cut out for him. At the time, Unity Bank was still consolidating its hold on the Nigerian banking space after emerging from the largest merger and consolidation in Nigeria’s banking industry. Semenitari, however, came ready for the job; he proved himself a marketer who knew his onions beyond rhetoric. He went to work, chiseling away every impediment to the emergence of Unity Bank as one of Nigeria’s leading banks. He also brought to bear on Unity Bank his more than two decades banking experience and the result is exciting to both customers and shareholders. However, Semenitari was not done with repositioning Unity Bank; he took the bank to the next level in the consolidation ladder through rights issue and private placement of N39.224 billion. Perhaps, Semenitari did not bargain for the outcome of the issue; the N39.224billion offer was oversubscribed.
 
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