By Hannah Awadzi, GNA
Accra Nov. 10, GNA – Republic Financial Holdings Limited (RFHL) has announced the retirement of its Group President and Chief Executive Officer, Mr Nigel Baptiste, and the appointment of Ms Karen Yip Chuck as his successor, effective November 14, 2026.
Ms Yip Chuck will also assume the role of President and Managing Director of Republic Bank Limited, becoming the first woman to lead the Republic Group in its history.
A statement from the bank copied to the Ghana News Agency said Mr Baptiste retires after more than 30 years with the Republic Group, including a decade as its top executive.
“Although he officially retired on May 10, 2026, he remained with the organisation through the end of its financial year.”
During his tenure as Group President and CEO, the Group doubled its asset base and expanded its operations to 16 territories.
He also led efforts to strengthen the institution’s corporate social responsibility programmes and community development initiatives across the region.
Mr Yashmid Karamath, Chairman of RFHL, paid tribute to Mr Baptiste’s leadership and contribution to the organisation’s growth.
“For over thirty years, and especially over the last decade as Group President and CEO, Nigel Baptiste has been a guiding force for the Republic Group,” he said.
While highlighting the Group’s financial achievements under Mr Baptiste’s leadership, Mr Karamath said his most enduring legacy was his commitment to developing people and building future leaders within the organisation.
Ms Yip Chuck, the in-coming Group CEO brings 36 years of experience with Republic Bank to her new role. A member of the Bank’s Executive Leadership Team, she has played a key role in strengthening operational risk management systems and aligning corporate governance practices with international standards.
She has also been instrumental in introducing innovative banking products and expanding corporate banking relationships across the Caribbean, helping to support business growth and economic diversification in the region.
Speaking on her appointment, Ms Yip Chuck described the opportunity as an honour and pledged to build on the foundation established by her predecessor.
“Our strength has always come from our people and our shared commitment to the communities we serve,” she said.
She noted that her focus would remain on empowering employees, strengthening client relationships and creating long-term value for shareholders, customers, staff and communities.
The leadership transition takes effect on November 14, 2026.
GNA
Edited By Kenneth Odeng Adade