December 3, 2022

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UBA Announces New GMD, Executive Board Appointments

Posted By Godwin Onyemaechi

The United Bank for Africa Plc (UBA), Africa’s global bank, yesterday announced the appointment of Mr. Oliver Alawuba as its Group Managing Director.

Alawuba is to oversee all the Group’s banking operations across its 20 African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates.

The bank disclosed this in a statement yesterday.

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.
Commenting on the new appointment, UBA Group Chairman, Tony Elumelu stated: ‘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.”
Also, Alawuba expressed his commitment to his new role 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 confidence they have put in me to deliver the mandate.”

Alawuba assumed his new position from August 1, 2022, subject to approval by the Central Bank of Nigeria.

Equally appointed, according to the statement was Muyiwa Akinyemi as Deputy Managing Director.
Akinyemi 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.

Other executive appointments announced by the bank included: Ms. Sola Yomi-Ajayi as Executive Director, Treasury and International Banking. Yomi-Ajayi has been with the Group since 2004 and has considerable international experience, culminating in her appointment as CEO of UBA America.

In the same vein, Mr. Ugochukwu Nwagodoh was appointed the Executive Director, Finance and Risk Management. According to the statement, Nwagodoh 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.

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