MADAM NILLA SELOMEY
MD/CEO
Universal Merchant Bank Ghana

Nilla Selormey

A seasoned banker with over 24 years of experience in the banking industry, Ms. Selormey was the Managing Director/CEO of Universal Merchant Bank (UMB). Ms. Selormey joined UMB in 2013, where she led the bank through a successful transformation amidst a highly competitive banking environment; restructuring the bank’s credit wing which served as a main cause of Universal Merchant Bank (UMB)’s banking challenges for years. She has also been credited with changing the face of the bank as well spearheading the bank’s expansion drive.

She started in 1990 with the Corporate Banking Department of Ecobank Ghana as a Relationship Officer, Ms. Selormey rose to set up and head the Institutional Banking Department in 1997, a position she held for 5 years until 2002. She was then assigned to head the Strategy and Business Development Department of Ecobank Ghana with additional responsibilities to oversee the non-bank subsidiaries.

In 2004, she left to further her studies and upon her return joined Zenith Bank as a director responsible for Business Development as part of the start-up team.  She was then recruited by Fidelity Bank to assist with their entry into the banking industry in 2006. As an Executive Director at Fidelity Bank she was responsible for the set up of all its corporate, retail and private banking activities, in addition to developing and ensuring the effective implementation of strategy.

In 2008 she was invited back to Ecobank Transnational Incorporated to assist with the set up of its office in the United Kingdom. Her responsibilities also included restructuring the International Organizations Department and managing the activities of the unit across all 33 countries of the Ecobank Group. Ms. Selormey was also responsible for the Special Projects Department where her duties included introducing and managing projects that would give Ecobank competitive advantage in its markets in Ghana, Liberia, Sierra Leone, Gambia and Guinea.