The United Bank for Africa Plc announced the appointment of Oliver Alawuba as Group Managing Director on Monday.
The new Group Managing Director will be in charge of all of the Group’s banking operations in its 20 African countries as well as globally in the United Kingdom, the United States of America, France, and the United Arab Emirates.
Mr Alawuba joined UBA in 1997 and has held several senior positions, including CEO of UBA Ghana, CEO of UBA Africa, and most recently, Group Deputy Managing Director, according to a statement released on Monday.
UBA Group Chairman Tony Elumelu responded, saying, “I am very pleased to announce Oliver Alawuba as the new Group Managing Director of the UBA Group.” Oliver has extensive experience in Nigeria and our African network, and he is well-suited to further our pan-African and global strategy.
“I have no doubt that Oliver will carry on the legacy of Kennedy Uzoka, who exemplified transformational leadership by championing a customer-first philosophy; launching our twentieth African operation, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom; and launching our fourth global operation, UBA Dubai, in the United Arab Emirates.”
Mr. Alawuba expressed his enthusiasm for his new position as Group Managing Director, saying, “I am grateful for the opportunity to lead this great institution and would like to thank the UBA Group Chairman and the members of the Board of Directors for the trust they have placed in me to deliver the mission.”
According to the statement, Mr. Alawuba will begin his new position on August 1, 2022, subject to approval by the Central Bank of Nigeria.
Other Scheduled Events
Muyiwa Akinyemi has also been appointed as Deputy Managing Director. Mr. Akinyemi joined UBA in 1998 as a Senior Banking Officer in UBA’s Energy Bank, and he has worked for the Group in Nigeria and our broader Africa network for the past twenty-four years.
Sola Yomi-Ajayi, Executive Director, Treasury and International Banking; Ugochukwu Nwagodoh, Executive Director, Finance and Risk Management; and Alex Alozie, Executive Director and Group Chief Operating Officer, who joined the Group in 2019 and has driven the Group’s digital transformation and operational efficiencies, are among the other executive appointments.
Emem Usoro, Executive Director, North Bank, has also been appointed. He joined the Group in 2011 and has held a number of senior regional positions across Nigeria in the retail, corporate, and public sectors.
The Board also announced the retirement of some Executive Directors who have served their terms and will continue to serve the Group once the holding company structure is approved by regulators.
The retiring Directors were congratulated by the Group Chairman on the completion of their tenors and their exemplary records.
United Bank for Africa is one of the largest employers in the African financial sector, employing 25,000 people and serving over 35 million customers globally. UBA provides retail, commercial, and institutional banking services in twenty African countries as well as the United Kingdom, the United States of America, France, and the United Arab Emirates. It also leads financial inclusion and implements cutting-edge technology.