Royal Exchange appoints Geoffrey Ohen as non-executive director

Royal Exchange Plc has announced the appointment of Dr. Geoffrey C. Ohen as a Non-Executive Director, effective July 23, 2026. The news was shared in a regulatory filing by Lovelyn Aniekwe, acting as the Company Secretary, and submitted to the Nigerian Exchange (NGX). According to the company, Ohen has successfully completed the necessary procedures before taking up his new role.

Royal Exchange highlighted his relevant experience and expertise, stating that he is well-equipped to make significant contributions to the Board and support the company's growth and strategic goals. They expressed confidence that his appointment will bolster the Board's strategic leadership as it continues its expansion plans. Ohen currently serves as the Managing Director and Chief Executive Officer of the Geoff Ohen Group, holding board positions at several companies, including Consolidated Resources Ltd, Ekocorp Plc, Owa Oil & Gas Ltd, and Networth Group (which includes Networth Securities & Finance Ltd and Networth Portfolio & Asset Management Ltd).

He has previously held leadership positions at Piccadilly Insurance Ltd, New Patriot Building Society Ltd, and Daily Times of Nigeria Plc. This appointment comes after Royal Exchange reported a significant decline in profitability for its first-half 2026 financial results, with profit before tax falling to N100.88 million, down from N757.40 million in Q2 2025.

In January 2026, the company appointed Ikeme Osakwe as its Group Chairman, following Kenny Ezenwani Odogwu's retirement after a 28-year tenure, marking the end of his 18-year tenure as Chairman. Odogwu oversaw Royal Exchange's transformation into a diversified financial services group during his time on the Board. The company emphasized that its new leadership structure is focused on driving expansion across its diverse portfolio.