UNION BANK TAKEOVER: Analyzing Impact of Acquisition By Titan Trust Bank

 

titanAccording to the bank, Mudassir Amray is a seasoned banker with over 25 years in senior management roles. Prior to being appointed the Chief Executive Officer for Union Bank, Amray led the establishment of Titan Trust Bank and subsequently became the Bank’s pioneer CEO in October 2019.

He holds an MBA from the University of Santo Tomas and a Bachelor of Commerce from National College, University of Karachi.

Aldo, Gumel is Group Executive Director for TGI Group. He is also the Chairman, Board of Directors at Wacot Rice Ltd., a subsidiary of TGI Group, and Non, Executive Chairman at the Nigeria Sovereign Investment Authority (NSIA).

Prior to joining TGI, Gumel was a Partner at PwC and Head of the West African Advisory/Consulting business, covering Nigeria, Ghana, Liberia, Sierra Leone, and Angola. Gumel holds a BSc. in Materials Technology (Leather) from the University of Northampton and an MSc, in Clean Technology from Newcastle University.

Some minority shareholders of Union Bank Plc have expressed worry over the acquisition of the over 100-Years old bank by Titan Trust Bank Limited whose footprint in Nigeria is not more than two years old.

Titan Trust Bank has disclosed a grand ambition to mature to a Tier 1 bank in the next five years.

According to the bank, Mudassir Amray is a seasoned banker with over 25 years in senior management roles. Prior to being appointed the Chief Executive Officer for Union Bank, Amray led the establishment of Titan Trust Bank and subsequently became the Bank’s pioneer CEO in October 2019.

He holds an MBA from the University of Santo Tomas and a Bachelor of Commerce from National College, University of Karachi.

 

Aldo, Gumel is Group Executive Director for TGI Group. He is also the Chairman, Board of Directors at Wacot Rice Ltd., a subsidiary of TGI Group, and Non, Executive Chairman at the Nigeria Sovereign Investment Authority (NSIA).

Prior to joining TGI, Gumel was a Partner at PwC and Head of the West African Advisory/Consulting business, covering Nigeria, Ghana, Liberia, Sierra Leone, and Angola. Gumel holds a BSc. in Materials Technology (Leather) from the University of Northampton and an MSc, in Clean Technology from Newcastle University.

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