Dr. Philip Oti-Mensah appointed Managing Director of UMB

Dr. Philip Oti-Mensah has been appointed as the new Managing Director of Universal Merchant Bank (UMB).

Prior to this appointment, Dr. Oti-Mensah served as Chief Operating Officer of OmniBSIC Bank, after previously holding the position of Executive Director at the same institution for several years.

A dynamic and results-driven business leader, Dr. Oti-Mensah brings over 20 years of experience in banking and development finance. His career spans leadership roles across Africa, where he has played a key role in driving growth, operational excellence, and financial inclusion.

Throughout his professional journey, he has led and advised several financial institutions, building a strong track record in transformation and innovation. His past roles include serving as Management Consultant for FINCA Bank Tanzania, Non-Executive Director at ProCredit Bank Congo, Deputy CEO of ProCredit Ghana, CEO of Union Savings and Loans, and CEO of OmniBank.

In his most recent role as Executive Director and COO at OmniBSIC, Dr. Oti-Mensah led the successful integration of systems, policies, and procedures following the merger of the two banks. He also spearheaded a customer experience transformation programme that reinforced the bank’s position in Ghana’s financial sector.

Academically, Dr. Oti-Mensah holds a Bachelor of Science in Banking and Finance and an MBA in Project Management from the University of Ghana Business School. He also earned a Master of Applied Business Research and a Doctor of Business Administration from the Swiss Business School. His executive education includes programmes at prestigious global institutions such as INSEAD (Singapore) and the London Business School (UK).

He is a Fellow of the Chartered Institute of Management Accountants (CIMA) and a Certified International Change Manager (CICM). Additionally, he holds a postgraduate diploma in International Bank Management from the ProCredit Academy in Germany.

Dr. Oti-Mensah’s outstanding contributions to the financial industry have earned him several awards, including the President’s Award for Excellence in Banking and Finance (2020) and Private Sector COO of the Year (2023).

Outside his corporate responsibilities, he is an international speaker and guest lecturer on Leadership and Financial Inclusion. He also serves on the boards of several reputable institutions in Ghana.

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