Dr. Philip Oti-Mensah appointed new Managing Director of UMB

• Posted on April 17, 2025April 17, 2025
• by Nana Kwesi Coomson
• Comment

Dr. Philip Oti-Mensah has been appointed the new Managing Director of Universal Merchant Bank (UMB). He started work today, April 16, 2025.

Before his appointment, Dr. Oti-Mensah served as Chief Operating Officer of OmniBSIC Bank.

He previously held the position of Executive Director at the same institution for several years.

About Dr. Oti-Mensah

Dr. Oti-Mensah is a dynamic and results-driven business leader with over 20 years of experience in Banking and Development Finance. His career spans leadership roles across Africa, where he has played a pivotal role in driving growth, operational excellence, and financial inclusion.

Throughout his career, Dr. Oti-Mensah has led and advised numerous financial institutions, demonstrating a strong track record of transformation and innovation. He has served as a Management Consultant for FINCA Bank Tanzania, a Non-Executive Director at ProCredit Bank Congo, Deputy CEO of ProCredit Ghana, CEO of Union Savings and Loans, and CEO of OmniBank.

In his most recent role as Executive Director and Chief Operating Officer of OmniBSIC Bank, he successfully led the seamless integration of systems, policies, and procedures following the bank’s merger. He also spearheaded a customer experience transformation program, reinforcing the bank’s position in the financial sector.

Dr. Oti-Mensah holds a Bachelor of Science in Banking and Finance and a Master of Business Administration (MBA) in Project Management from the University of Ghana Business School. Additionally, he earned a Master of Applied Business Research and a Doctor of Business Administration from the Swiss Business School. His executive education includes programs from globally renowned institutions such as INSEAD (Singapore) and the London Business School (UK).

A distinguished finance professional, he is a Fellow of the Chartered Institute of Management Accountants (CIMA) and a Certified International Change Manager (CICM). He also holds a postgraduate diploma in International Bank Management from the ProCredit Academy in Germany.

His outstanding contributions to the financial sector have earned him numerous accolades, including the President’s Award for Excellence in Banking and Finance (2020) and the Private Sector COO of the Year (2023).

Beyond his corporate leadership, Dr. Oti-Mensah is an international speaker and guest lecturer on Leadership and Financial Inclusion. He also serves on the boards of several reputable institutions in Ghana.