Mr. Carl Asem Appointed as Acting Managing Director by CalBank PLC

CalBank PLC Appoints Mr. Carl Asem as Acting Managing Director
CalBank Plc (Ghana Stock Exchange: CAL) is pleased to announce the appointment of Mr. Carl Asem as the Acting Managing Director, effective February 13, 2024. This follows the retirement of Mr. Philip Owiredu, concluding his commendable 4-year tenure as Managing Director and his impressive 20-year journey with the bank.

CalBank Plc (Ghana Stock Exchange: CAL) is pleased to announce the appointment of Mr. Carl Asem as the Acting Managing Director, effective February 13, 2024. This follows the retirement of Mr. Philip Owiredu, concluding his commendable 4-year tenure as Managing Director and his impressive 20-year journey with the bank.

Mr. Asem, who served as Deputy Managing Director at CalBank since September 2022, brings a wealth of experience and expertise to his new leadership role. His pivotal role in shaping the Bank’s strategic direction and contributions to its growth and success since joining in 2022 underscore his valuable leadership capabilities.

Speaking on this appointment, Mr. Joe Mensah, the board chairman, expressed his enthusiasm: “I am delighted to welcome Carl Asem as our Acting Managing Director as he continues to oversee our comprehensive strategic review at a pivotal moment for CalBank. With his profound understanding of the banking industry and impressive track record, Carl has led the management team in driving our strategic and operational transformation, whilst building on our existing strengths to accelerate growth in our key business areas. Carl will continue to provide leadership as the bank weathers the challenging banking landscape to grow a stronger and more efficient bank with sustainable returns to our stakeholders.”

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About Mr. Carl Asem:

Mr. Asem, equipped with an extensive leadership background, is well-prepared to guide CalBank PLC into its next phase of development. With over 20 years of proven expertise in marketing, sales, relationship management, customer service, and business development, he played a pivotal role in leading growth strategies and initiatives in the Anglophone West Africa region during his 19-year tenure with the Ecobank group before joining CalBank in 2022 as Deputy Managing Director. His wealth of experience positions him as a key driver for the continued success and growth of CalBank.

  1. Deputy Managing Director – Cal Bank PLC

Professional Experiences:

  • Duration: Sep 2022 – Present (1 year 6 months)
  • Location: Greater Accra, Ghana

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  1. Managing Director – Ecobank Gambia Limited
  • Duration: Nov 2018 – Sep 2022 (3 years 11 months)
  • Location: Banjul, The Gambia
  • – Lead the country’s financial performance, overseeing 250 staff, 7 branches, revenue – $16 million, assets – $210 million, loans – $30 million, and deposits – $160 million.
  • – Industry leader in Assets, Deposits, Revenue, and PBT in the Gambia.
  • – Led strategic and operational activities, ensuring business growth, digital transformation, sound control environment, and efficiency improvements.
  • – Identified and analyzed business growth opportunities through strategic and relationship management.
  • – Developed sustainable franchises to deliver consistent growth and enhance the Ecobank brand across the region.
  • – Promoted service and customer excellence, creating a customer-focused culture.
  1. Regional Business Manager for Ghana and Anglophone West Africa – Ecobank Ghana Limited
  • Duration: Sep 2016 – Nov 2018 (2 years 3 months)
  • Location: Accra, Ghana
  • – Assisted the Regional Executive in managing all subsidiaries within the region, overseeing 5 countries, 2,557 staff, 150 branches, revenue – $360 million, assets – $2.66 billion, loans – $1.23 billion, and deposits – $1.94 billion.
  • – Led strategic and operational activities, ensuring business growth, digital transformation, sound control environment, and efficiency improvements.
  • – Developed sustainable franchises to deliver consistent growth and enhance the Ecobank brand across the region.
  • – Promoted service and customer excellence, creating a customer-focused culture.
  1. Head, Public Sector Domestic Bank (Leader of Government Business) – Ecobank Ghana Limited
  • Duration: Jan 2010 – Aug 2016 (6 years 8 months)
  • Location: Greater Accra, Ghana
  • – Over 12 years of proven expertise in marketing, sales, relationship management, customer service, manufacturing, and business development.
  • – Played the Business Manager role for Domestic Bank in the AWA region.
  • – Executive accountability for corporate performance, profit, strategic planning, staffing, and sales/relationship development.
  • – Managed a risk asset/liability portfolio of over US$600 million.

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  1. Head, Public Sector, Wholesale Banking – Ecobank Ghana Limited
  • Duration: Jan 2006 – Jan 2010 (4 years 1 month)
  • Location: Greater Accra, Ghana
  • – Over 12 years of proven expertise in marketing, sales, relationship management, customer service, manufacturing, and business development.
  • – Played the Business Manager role for Domestic Bank in the AWA region.
  • – Executive accountability for corporate performance, profit, strategic planning, staffing, and sales/relationship development.

These experiences highlight Mr. Carl Asem’s extensive leadership background and his significant contributions to the growth and success of the financial institutions he has been associated with. His strategic vision and commitment to excellence position him as a valuable leader for CalBank PLC’s continued prosperity.

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