United Bank for Africa Plc (UBA), the leading pan-African financial services group has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses respectively. Both directors will report directly to the group chief executive Kennedy Uzoka.
UBA’s chief executive Kennedy Uzoka, said that the creation of these two new positions, represents further strategic recognition of the growth of UBA’s pan-African business, now accounting for 40% of the group’s revenue, and the critical importance of Nigeria, which remains the UBA Group’s largest market.
Oliver Alawuba has worked with the UBA Group for almost 20 years and was appointed in January 2020, CEO for the Group’s Africa operations. Oliver’s knowledge of UBA’s business in Africa is unrivalled. He previously held the role as CEO of UBA in Ghana and more recently, as Regional CEO for UBA in Anglophone Africa.
Ayo Liadi joined the UBA Group in 2014 and was appointed the Executive Director of Lagos and West bank in Nigeria, two years later. Ayo is widely recognised for his innovation in driving business development.
UBA Group’s Chairman Tony Elumelu commented on the new appointments and said: “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent. In Africa, we lead in innovation and service, whilst our International Business, operating from New York, Paris and London, provides global and African clients access to treasury, trade finance and corporate banking products, uniquely tailored to the African opportunity. These senior appointments represent our commitment to optimise our management structure to best serve our clients and drive our business success.”
UBA’s board also announced the retirement of Dan Okeke who has been with the UBA Group for 22 years. Mr Okeke, who will retire on August 1, 2020, served on the bank’s board as an Executive Director for three terms and a total of nine years. Mr Elumelu said: “Dan was born for UBA. He has worked tirelessly for the Group and achieved so much in the past two decades. We will miss him, but he will still be very much around us.”
UBA is one of the largest employers in the financial sector on the African continent, with approximately 20,000 employees group-wide and serving over twenty million customers. UBA operates in twenty African countries and globally in the United Kingdom, the United States and France.