United Bank for Africa Appoints CEOs for Its Subsidiaries

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United Bank for Africa Group Chairman, Tony O. Elumelu

Leading pan-African financial services institution, United Bank for Africa has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as chief executive officers of six of its 20 subsidiaries across Africa, subject to regulatory approvals. The new CEOs will drive the Group’s strategy and activities in Mali, Uganda, Zambia, Senegal, Tanzania and Sierra Leone respectively.

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The appointment also see Ogechi Altraide has the bank’s new Head, Retail Banking; Amadao Konate, as Head, Treasury and International Payments for UBA America.

The appointments compliment the prior appointments of Sola Yomi-Ajayi as the bank’s CEO in the United State of America and Patrick Gutmann as the UK’s branch CEO.

UBA provides a full suite of corporate banking products and services to businesses, multilateral institutions and governments transacting from and with Africa.

Earlier this month, the bank announced the appointment of Ayoku Liadi and Oliver Alawuba respectively, as Deputy Managing Directors in charge of the Group’s Nigeria and Africa businesses, attesting to the importance of UBA’s African business and its strategic positioning as “Africa’s Global Bank”.

In his words, the bank’s Group Chairman, Tony Elumelu explained that the appointments is the reflection of the strong growth of the Group’s pan-African businesses which currently responsible for over 40% of total Group revenue and the increasing importance of our international businesses in London, Paris and New York, offering superior treasury, trading and corporate banking solutions to clients globally.

“We are committed to catalysing growth on the African continent and the new CEOs are taking up roles at a very exciting period, as the Group executes its innovative digital play across the African continent’’, Elumelu said.

Also announced were the appointment of three new country Executive Directors – Haoua Cisse as the Executive Director, Wholesale, UBA Mali and Julien Kouassi as Executive Director Wholesale, UBA Côte D’Ivoire.

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United Bank for Africa is one of the largest employers in the financial sector on the African continent, with over 20,000 employees group wide and serving over 20 million customers, across its approximately 1000 branches and over 30,000 ATMs, PoS, and agencies in Africa.

It operating in 20 African countries and globally in the United Kingdom, the United States and France, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge products.

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