United Bank for Africa (UBA) Plc has appointed Oliver Alawuba as its Group Managing Director, overseeing all the group’s banking operations across 20 African countries and globally in the UK, US, France, and the UAE.
The appointment of Alawuba becomes effective on August 1 pending the approval of the Central Bank of Nigeria. Since joining UBA in 1997, he has held a number of executive positions, including group deputy managing director, CEO of UBA Ghana, and CEO of UBA, Africa.
Speaking on the appointment UBA group chairman, Tony Elumelu, said, “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.”
Alawuba expressed his commitment to his new role 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.”
Muyiwa Akinyemi was also appointed as the deputy managing director. As a senior banking officer in UBA’s Energy Bank, Muyiwa joined the company in 1998.
Sola Yomi-Ajayi has been named executive director for international banking and treasury. Ms. Sola has been a member of the organization since 2004, and she has extensive experience working abroad, leading to her selection as CEO of UBA America.