From modest beginnings as a small wholesale bank in 2002, to Nigeria’s largest bank by assets, loans and deposits, Access Bank has mastered the art of inorganic growth. The purchase of Diamond Bank in 2018 and of Kenya’s Transnational Bank in 2020 have kept managing director Herbert Wigwe busy, from building a common culture to integrating the banking platforms on which each bank runs.
Nigeria/France: Herbert Wigwe – “We want to be the Citibank of Africa”
Herbert Wigwe, the managing director of Nigeria's Access Bank, has been working on acquiring a French banking licence. It is all part of the plan to become the 'Citibank of Africa', and help plug the gaps in the global financial architecture that have left African companies shut out of financial markets.