Parallex Bank Limited has announced the appointment of Mrs Rachel Akhuetie as a Non-Executive Director and member of its Board of Directors, adding significant depth to the bank’s leadership with her broad experience spanning over two decades.
In a statement released on Saturday, the bank confirmed that Mrs Akhuetie, who currently serves as Executive Director of Finance, Commercial, and Services at SunTrust Atlantic Energies Limited, joins the Board with a rich background in finance, oil and gas, corporate governance, strategic innovation, and banking.
Mrs Akhuetie is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an alumna of Harvard Business School. Her career has cut across multiple sectors, equipping her with a versatile skillset and a strong leadership track record.
Welcoming her to the Board, the Managing Director of Parallex Bank, Dr Olufemi Bakre, described the appointment as a strategic move aimed at advancing the bank’s vision to redefine banking standards in Nigeria.
“We are excited to leverage her proven track record and leadership insight as we continue to drive growth and sustainable value for all stakeholders,” Bakre said.
He added that Mrs Akhuetie’s depth of experience in finance and strategic innovation will be instrumental as the bank works to expand its footprint in Nigeria’s competitive banking landscape.
Parallex Bank, which transitioned from a microfinance institution to a commercial bank in recent years, has positioned itself as a forward-thinking financial institution focused on digital banking and customer-centric innovation. The addition of a seasoned professional like Mrs Akhuetie is expected to boost the bank’s governance and strategic execution as it scales operations.
With her appointment, Parallex Bank’s board is expected to benefit from improved diversity and strengthened oversight as it seeks to enhance corporate performance and stakeholder engagement.
