The Board of Directors of Royal Exchange Plc, announced the appointment of Alhaji Auwalu Muktari, as the substantive Group Managing Director, with effect from June 15, 2016.
A statement by Wilson okoh-Esene, the Head, Corporate Affairs Department Royal Exchange Plc said the Board of Directors of the company confirmed his appointment yesterday after a meeting
In announcing the appointment, the Chairman, Board of Directors, Royal Exchange Plc, Mr. Kenneth E. Odogwu, said that Alhaji Auwalu Muktari, who was appointed the Acting Group Managing Director from January 2016, commended Alhaji Muktari’s esteemed service and contributions towards the continuous expansion of the group. He also affirmed the Board of Directors belief in Muktari’s ability to drive the group towards greater profitability and growth in the years ahead.
The chairman further added that with Alhaji Muktari’s extensive experience and knowledge of the insurance industry, his primary assignment would be to drive the continuous growth and profitability of Royal Exchange and make the company a market leader in the financial services industry in Nigeria.
Alhaji Auwalu Muktari completed his 1st degree in Business Administration and later his Masters Degree in Banking and Finance at Bayero University Kano in 1993 and 1995 respectively. He also attended Ahmadu Bello University, Zaria where he obtained a Diploma in Insurance at Credit Level in 1983.
Alhaji Muktari joined Royal Exchange Assurance Nigeria (as it was then known) in 1995 as Branch Manager in Kano, with direct oversight and responsibility over the activities of Bauchi, Maiduguri and Yola offices of the company.
In 2003, he became the Regional Director, Abuja.
He left Royal Exchange Plc to become the Managing Director/Chief Executive Officer of Yankari Insurance Co. Ltd in 2008, (later called Fin Insurance to Co. Ltd) and returned to Royal Exchange as the Group Executive Director, Marketing and Sales in 2010.
Alhaji Muktari was elected in 2010 as an associate member of the Institute of Directors, Nigeria; and is also a professional member of the following bodies: Associate Member, Institute of Management Specialist, UK; Member, Chartered Insurance Institute of Nigeria; Associate Member, Institute of Management and is currently the President of the Institute of Sales and Marketing Management of Nigeria.
He is an alumnus of Harvard Business School, USA and has attended various Executive Management & Development programmes.a