Signature Bank Limited has appointed Mr Nixon Iwedi as its new Managing Director and Chief Executive Officer.

The bank stated in Sunday’s release that the appointment, which has been approved by the Central Bank of Nigeria, marks a pivotal step in its continued evolution and growth strategy.

Iwedi, who until his appointment was the pioneer Executive Director and Executive Compliance Officer of Globus Bank Limited, brings a wealth of experience to Signature Bank.

His leadership is expected to strengthen the bank’s management team as it strives to transform into a formidable player in the Nigerian competitive banking sector.

Iwedi has over 28 years of industry experience in commercial and corporate banking, global transaction services and compliance.

Sharing his thoughts on Iwedi’s appointment, the Chairman of Signature Bank, Tijjani Borodo, said, “We are delighted to welcome Mr Nixon Iwedi to Signature Bank. His depth of experience, integrity, and leadership track record align perfectly with our drive to reposition Signature Bank as a formidable player in the Nigerian banking industry. We look forward to the strategic direction he will bring in this exciting phase of our journey.”

The new bank MD started his banking career with Guaranty Trust Bank in 1997 before joining Access Bank Plc in 2002. At Access Bank, he held several leadership positions, including Group Head, Global Transaction Banking; Group Head, Large Conglomerates; and Zonal Head, Commercial Banking Group, Port Harcourt.

In 2009, Iwedi was seconded to the Netherlands Development Finance Company in The Hague as Senior Investment Officer, gaining international exposure in deal structuring, origination, and credit risk management.

He holds a Bachelor of Science degree in Chemistry from the University of Port Harcourt and Master of Business Administration from Bangor University, UK, and the Rivers State University of Science and Technology. He is an alumnus of INSEAD (France) and IMD (Switzerland) and is a certified member of both the Chartered Institute of Bankers of Nigeria and the Chartered Banker Institutes of Scotland and Wales. He is also a Fellow of the National Institute of Credit Administration.