The United Bank for Africa, UBA has appointed Oliver Alabuwa as the new Group Managing Director. GMD. This followed the retirement of Kennedy Uzoka, the former chief executive of the commercial bank.
Tony Elumelu, the chairman of the bank announced the appointment of Alabuwa on Monday, saying the new appointment is subject to the Central Bank of Nigeria, CBN approval.
The board of the bank also made other executive appointments which include Muyiwa Akinyemi, as Deputy Managing Director, Caroline Anyanwu as Non-Executive Director, Ms. Sola Yomi-Ajayi, Executive Director, Treasury and International Banking, Ugochukwu Nwagodoh, Executive Director, Finance and Risk Management, amongst others.
‘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 is well equipped to advance our pan-African and global strategy.
“I have no doubt that Oliver will build on the legacy of Kennedy Uzoka, who has exemplified transformational leadership by championing a customer-first philosophy; launching our twentieth operation in Africa, UBA Mali; acquiring a wholesale banking licence for UBA UK in the United Kingdom; and opening our fourth global operation, UBA Dubai, in the United Arab Emirates,” Elumelu said.
Speaking on his appointment, Alawuba said he’s “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 confidence they have put in me to deliver the mandate.”
His appointment took effect from August 1, the bank said.
