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HFC Bank MD moves up in the Republic Bank Group

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Robert Le Hunte
Robert Le Hunte

Mr Robert Le Hunte, Managing Director of HFC Bank Ghana Ltd., has been elevated to the position of an Executive Director of the Republic Bank Group effective February, 11, 2016.

The announcement was made by Mr David Dulal-Whiteway, President and CEO of Republic Financial Holdings Limited -Trinidad and Tobago.

Mr Le Hunte holds an undergraduate degree in Economics from Western University, London Canada and is the holder of two master’s degrees in accounting and management from the University of the West Indies and the University of Manchester Business School respectively.

He is a member of the Institute of Chartered Accountants of Trinidad and Tobago and also a graduated from the Harvard University Executive Management Program since 2010.

A statement to the Ghana News Agency on Wednesday, said Mr Le Hunte would, however, continue to perform his existing role as Managing Director of the HFC Bank Ghana Ltd., which became a subsidiary of Republic Bank Limited (RBL) after the successful completion of an MTO in May 2015, when Republic Bank Limited (RBL) increased the shareholding in HFC Bank to 57.1 per cent.

It said Mr Le Hunte has had a distinguished career spanning over 26 years with RBL and has served in a number of senior positions including Managing Director of Barbados National Bank ( BNB) now Republic Bank Barbados Limited.

It said when Republic Bank took majority control of this fledging government owned bank in 2003, he grew the institution from approximately US$500 million in assets, to an asset base of over US$ 1.3 billion while creating a progressive socially responsible and profitable institution by the time he moved on in 2007.

Mr Le Hunte said he looks forward to working with his management team at HFC Bank to duplicate or exceed his performance in Barbados whiles building a solid institution in Ghana that would play a pivotal role in executing Republic Bank’s Sub Saharan African strategy.

The Board, Management and Staff of HFC Bank congratulated Mr Le Hunte on his promotion to the Executive Director level of the Republic Bank Group.

The HFC Bank is now a subsidiary of the Republic Bank Group, one of the largest and most successful independent commercial banks in the English-speaking Caribbean with over 176 years of banking experience.

Source: GNA

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