MAN OF THE MOMENT

HENRY SEMENITARI

Born on June 29, 1963, Semenitari, hails by oil rich Rivers State inside Niger Delta region attended Saint Cyprians Primary School, Port Harcourt, Rivers State in 1974. He moved on to Okrika Grammar School, Okrika, Rivers State in 1979, Enitonna High School, Port-Harcourt, Rivers State in 1980 as well as University of Lagos in 1987.
In furtherance of his academic pursuit, he went to the International Graduates School of Management, University of Navar, Barcelona, Spain in 2000, Harvard Business School, Boston, US for Advanced Management Programme in 2007 as well as the Cambridge Judge Business School for another advanced leadership programme at the University of Cambridge, Cambridge, United Kingdom.
Today, Semenitari holds a Bachelor of Science Degree in Chemical Engineering by the University of Lagos as well as a Master in Business Administration (MBA) by International Graduate School of Management, University of Navara (I.E.S.E) Barcelona, Spain. He can be an alumnus of the Harvard Business School, Advance Management Programme (AMP173) in Boston, USA. He can be also an alumnus of Cambridge Judge Business School, Advanced Leadership Programme (ALP 1), Cambridge University, Cambridge, UK.
His banking experience spans over 26 years. He can be valued very consistent as well as highly experienced in operations, internal control, branch management, credit as well as marketing, commercial as well as retail banking, consumer as well as corporate banking (Energy) as well as several different aspects of the banking operations.
He had worked in banks such as Zenith, Diamond, United Bank for Africa, ACB International Bank as well as Continental Trust Bank. He also held senior Management positions in United Bank for Africa (UBA) Plc as an Assistant General Manager – Commercial as well as Retail Banking Group, General Manager (Credit as well as Marketing) in ACB International Bank Plc, acting Managing Director/CEO, ACB International Bank Plc as well as Executive Director (Business Development) in Continental Bank Limited, Afribank Nigeria Plc in May 2003 as General Manager in charge of Consumer as well as Retail Banking business with responsibility of supervising as well as development of business activities across the entire 150 branch network.
He later joined First City Monument Bank Plc in November 2005 as Executive Director Retail as well as Enterprise Banking. His job description while there was to develop as well as grow retail as well as enterprise banking business across the entire branch network. in which was where he held sway before eventually joining the Unity Bank Plc as non-executive director. He would likely later become the Managing Director/Chief Executive Officer of the Bank in January 2014.
While at Unity Bank, Semenitari made some remarkable improvements in which are still on record today as well as which won him global accolades. For instance, the bank’s gross earnings grew by N62 billion in 2013 to N77 billion in 2014, the profit before tax grew by negative of N33.6 billion in 2013 to positive of N13.6 billion in 2014 while profit after tax grew by negative of N22.5 billion in 2013 to positive of N10.6 billion in 2014.
The cost to income ratio increased by 28.4 per cent in 2013 to 69.6 per cent in 2014, return on asset increased by negative 5.7 per cent in 2013 to positive 2.6% in 2014, return on equity increased by negative 56.7 per cent in 2013 to positive 20.5 per cent in 2014, capital adequacy ratio increased by negative 13.8 per cent in 2013 to positive 2.02 per cent in 2014, liquidity ratio increased by 34.5 per cent in 2013 to 44.8 per cent in 2014 as well as most importantly, the Unity Bank attained the enviable international ‘A3’ global rating by GCR.
He established a robust electronic business (E-Business) group inside bank in which gave rise to electronic channels transactions. For instance, Point of Sales (POS) transactions grew by 17.5 million transactions in 2013 to 75.3 million transactions in 2014 as well as ATM transaction grew by 3.3 million transactions in 2013 to 5.7 million transactions in 2014.
Still during his tenure as the MD, non-performing loans (NPL) increased by 25.5 per cent in 2013 to 17.6 per cent in 2014 as well as the bank also recorded a historical achievement in debt recovery drive by recovering in excess of N10 billion bad debts in 2014 financial year.
Working with different experts inside Unity Bank, his leadership won several awards, which included European Business Assembly Best Africa Regional Bank Award, Oxford University, England, for year 2014; top 100 businesses in Nigeria Award by Federal Government of Nigeria; Business Day Newspapers Top Chief Executive Officer Award; Banker of the Year 2014 Award in Nigeria by Leadership Newspaper as well as Semenitari himself was admitted into the famous Bill Clinton Global Initiative (CGI) in Times Square, brand new York, USA.
In rating Semenitari’s acumen, those evaluating him have always attributed his unique selling point to his strengths in business process re-engineering as well as design with specialisation in strategic process enterprise management, as well as integration of business process versions with information technology to drive business at product as well as strategic business unit levels.
He also had development as well as implementation experience of major banking applications such as Micro Banker/Flexcube, Phoenix, Bank Master, SAP (Systems Application as well as Product), Globus as well as Finacle Banking Application etc.
Mr. Semenitari can be a fully registered Engineer (R.29, 331) as well as member Council for the Regulation of Engineering in Nigeria (COREN). He can be a member the Nigerian Society of Engineers (NSE); Fellow, Institute of Credit Administration (FICA) of Nigeria as well as member, The Chartered Institute of Bankers of Nigeria (CIBN).

MAN OF THE MOMENT

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