United Bank for Africa (UBA) on Monday, August 1, 2022 announced appointments of new Board of Directors to manage the affairs of the bank in what it called “New Responsibilities – ‘New Frontiers” in a Press Release available to SOJ WORLDWIDE on Monday.
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The new Grouo Managing Director is Oliver Alawuba
According to the release “Oliver Alawuba joined UBA in 1997 and has held a series of senior positions, including as the CEO of UBA Ghana, the CEO of UBA, Africa and most recently, as Group Deputy Managing Director.”
NEW RESPONSIBILITIES – NEW FRONTIERS
Our executive team, led by Kennedy Uzoka, has successfully continued the implementation of our Group’s bold strategic intent.
Championing our customer-first philosophy; launching our 20th operation in Africa, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom; and opening our fourth international operation, UBA Dubai, in the United Arab Emirates – we have passed and surpassed many important milestones, under KU’s leadership.
To position our Group for its next phase of growth and to continue to deliver that strategic intent, I am glad to announce the following appointments, which optimise our Group’s operating model.
In addition, we are, subject to regulatory approval, implementing a group holding company (“holdco”) structure, with a distinct and separate holdco management structure, designed to deliver our broader strategic ambitions.
New Appointments:
Let me begin, by welcoming Oliver Alawuba as Group Managing Director, whose experience in Nigeria and UBA Africa, gives me great confidence in his ability to continue to drive UBA forward, and fulfill our ambitions and destiny.
Oliver Alawuba joined UBA in 1997 and has held a series of senior positions, including as the CEO of UBA Ghana, the CEO of UBA, Africa and most recently, as Group Deputy Managing Director.
In addition, I am delighted to announce the following appointments:
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Muyiwa Akinyemi – Group Deputy Managing Director and will oversee our entire business in southern Nigeria and continue to provide GAM leadership groupwide.
Muyiwa joined UBA in 1998, as a Senior Banking Officer in UBA’s Energy Bank, and has served the Group in Nigeria and our broader Africa network for twenty-four years.
Emem Usoro – Executive Director, Nigeria North.
Emem joined the Group in 2011 and has served in a series of senior regional appointments across Nigeria, covering the retail, corporate and public sectors.
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Sola Yomi-Ajayi – Executive Director, Treasury & International Banking.
Sola has been with the Group since 2004 and has considerable international experience, culminating in her appointment as CEO of UBA America.
Alex Alozie – Executive Director/Group Chief Operating Officer.
Alex joined the Group in 2019 as a Deputy General Manager, and has driven the Group’s digital transformation and operational efficiencies.
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Ugochukwu Nwaghodoh – Executive Director, Risk & Finance.
Ugo joined the Group from PwC in October 2004. He has since held a series of significant roles in the areas of performance management, compliance,financial control and reporting.
Sampson Aneke – Group General Manager – Retail, Digital & Transaction Banking.
Sampson joined the Group in 2019, and had responsibility for SME banking across the Group’s African network, and most recently was responsible for the Group’s business in Lagos and southern Nigeria.
Sanusi Mudasiru – Chief Compliance Officer (Audit & Compliance).
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Sanusi joined the Group in 1998 and his career has been devoted to ensuring the robustness of the Group’s compliance and internal control functions. He has served as COO for UBA Ghana, UBA Zambia and UBA Africa. Prior to this appointment, he was Group Head, Compliance.
The appointment for the Executive Director, UBA Africa will be announced on January 01, 2023. In the meantime, the following will continue to provide leadership for our regions:
Abiola Bawuah –
Regional CEO, West Africa
Amie Sow – Regional CEO, CEMAC
Ebele Ogbue – Regional CEO, East and Southern Africa
All appointments are with effect from August 01, 2022 and subject to regulatory approvals.
Implementation of HoldCo Management Structure
Subject to regulatory approval, we will be implementing a separate holdco management structure, charged with implementing our financial services group Strategy. I look forward to announcing those key positions in detail. However, we will be welcoming senior executives into the holdco structure, including:
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Kennedy Uzoka – Outgoing Group Managing Director/Chief Executive Officer
Chiugo Ndubisi – Outgoing Executive Director, Treasury & Financial Services
Uche Ike – Outgoing Executive Director/Group Chief Risk Officer
Chukwuma Nweke – Outgoing Executive Director/Group Chief Operating Officer
Ibrahim Puri – Outgoing Executive Director, North Bank
CONCLUSION
All of us Groupwide, should join with me to pledge their commitment to work assiduously with the new executive team to achieve our collective aspirations of Africa’s Global Bank.
Thank you.
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