Union Bank of Nigeria appoints 2 Non-Executive Directors into its Board

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The Board of Union Bank Nigeria Plc has announced the appointment of two non-executive directors into its board. This was made known in a note shared via the Nigerian Stock Exchange (NSE).

The Board announces the appointment of Mr. Emeka Anthony Ogbechie as Non-Executive Director with effect from 27th May 2020, to replace Mr. Dick Kramer who retired from the Board of the Bank in September 2019.

Mr. Emeka Anthony Ogbechie’s Profile

Mr. Ogbechie is a seasoned finance professional with experience in Strategy and Corporate Planning; Portfolio Management and Benchmarking; Financial Reporting; Analytics and Tax planning; Treasury and Liquidity Management; and Cost Optimization.

He is currently the Chief Finance Officer of Capital Alliance Nigeria, a position he has held since 2019. Before joining Capital Alliance Nigeria, Mr. Ogbechie had held positions in several local and international organizations including Equity Bank Kenya Limited; UBA Capital Plc. Lagos; Credit Suisse London; Deloitte London; and Ernst & Young, London.

Mr. Ogbechie holds a Bachelor of Arts degree in Business Administration from American Intercontinental University, and a Master of Science Degree in Management from the London School of Economics. He is also a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds an MBA (Strategy and Finance) from INSEAD.

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The Board also announced the appointment of Mr. Paul Kokoricha as Non-Executive Director with effect from 28th August 2020, to replace Mr. Cyril Odu who passed on in September 2019.

Mr. Paul Kokoricha’s Profile

He is a Partner at African Capital Alliance, a private equity investment management firm.

He joined the African Capital Alliance in 2002 as the Chief Financial Officer, before making a transition to Fund Manager role in 2004. He has extensive experience in private equity investment management as well as in business turnarounds, transformation, and re-organization.

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Before joining African Capital Alliance, Mr. Kokoricha worked with Liberty Bank Plc for eight years as Group Head of Operations, with responsibility for Operations and Information Technology across the bank.

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Mr. Kokoricha also worked with Arthur Andersen & Co., providing accounting, consulting, and audit services to varied clients in financial services, oil and gas, construction, and manufacturing sectors.

He is a Director of several companies, including Continental Reinsurance, Bankers Warehouse Limited, Fin Insurance and Swift Networks Limited. He is the Chairman of the Board of Private Equity and Venture Capital Association of Nigeria.

Mr. Kokoricha holds a B.SC in Economics from the University of Nigeria, Nsukka and is a Fellow of the Institute of Chartered Accountants of Nigeria.

Read Also:  Union Bank Plc secures $200m in OPIC funding for SMEs and women’s initiatives

Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank is a household name and one of Nigeria’s long-standing and most respected financial institutions.

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The Bank has a network of over 300 Sales and Service Centres across Nigeria.

Union Bank of Nigeria appoints 2 Non-Executive Directors into its Board

Following recapitalisation in 2012 from new investors and a new Executive Management team, Union Bank has undergone an award-winning transformation programme to re-establish the bank as a leading provider of financial services in Nigeria.

Union Bank is focused on Retail, Commercial and Corporate Banking businesses. In addition to standard current and savings product portfolio, Union Bank has launched pioneering products into the Nigerian retail market including Union Korrect, Union Goal and Union Betta.

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