Quick Takes

Wema Bank Appoints Non-executive Director

Wema Bank Plc has announced the appointment of Mr. Babatunde Oladele Kasali as a Non-executive director, following the approval of the Central Bank of Nigeria.

Kasali is a consummate professional with expertise in audit, risk management, compliance and retail banking, spanning over three decades.

He had served as General Manager and Regional Bank Head for United Bank for Africa Plc, a bank he joined in 1996.While at the bank, he also held several positions such as Chief Inspector, Regional Director and Divisional Director.

He has also served as Managing Director of Resolution and Restructuring Company Limited. He has also been a non-executive director at UAC of Nigeria Plc since March 27, 2013 and was a nonexecutive director of UACN Property Development Company Plc., from January 13, 2010 to March 24, 2013.

He had from February 2015 to November 26, 2015 served as a non-executive director of Wema Bank Plc.

Kasali is a Fellow of the Institute of Chartered Accountants of Nigeria. He graduated with B.Sc (Hons) Degree in Economics from Manchester Metropolitan University, UK in 1977.

Commenting on the appointment, Chairman of Wema Bank Mr Adeyinka Asekun said: “It is with great delight that I welcome Kasali who is joining the Board of Wema Bank a second time.

“While he was with us in 2015, he showed exceptionally rich professional and corporate experience; qualities which our board is often looking for. I believe his skills will be valuable to our bank as we continue in our growth phase and in our quest to become the retail bank of choice in Nigeria.”

Standard Chartered Bank Wins Awards

Standard Chartered Private Bank said it won the most number of awards for Africa at the Euromoney’s 14th annual private banking survey.

According to a statement, the awards won by the bank included: Best Private Banking Services Overall – Africa and Nigeria; International Clients offering – Africa and Nigeria; and number one UHNW clients award for Nigeria

“The Euromoney awards evidence that we are a highly regarded Private Bank in Africa. The survey included leading global as well as local banks, so our ability to come out ahead of strong competitors is a major win. We are unlocking opportunities for our clients in Africa by connecting our local teams with our global experts across our footprint – putting our clients at the centre of everything we do”, the bank’s Regional Head, Private Banking, EAME, Ian Gibson.

Also, Market Head Africa and Europe, Hugo Borges said: “This is a tremendous reflection of the strength of the Private Banking team we are building in Africa and our reputation in the market, particularly in Nigeria. We will continue to invest in our teams and build on our capabilities to provide clients with a best-in-class experience.”

The Euromoney surveys reflected feedback from industry peers and competitors, making this a significant win and recognition of our Private Banking brand and capabilities.

Capri-Sonne Unveils New Promotion

In an effort to reinforce its leadership of the fruit juice market for children, Capri-Sonne has launched a national consumer promotion tagged ‘Fun Alarm Promo.’ The promo which is targeted at mothers who want the best for their children will give them the opportunity to win free gifts inside every carton of all variants of their favourite Capri-Sonne that they buy while the promo lasts.

According to a statement issued by Chi Limited, cartons of the drink in Nigeria will contain gift items which can vary from carton to carton. The gift items ranges from Pencil Cases, Rulers, Colourful Stickeez and lots more.

The promo, which is being amplified nationwide with media campaign, running on major regional and national television channels and radio stations in the country. Simultaneously, the campaign is being driven through advertisements on Billboards and digital platforms like Twitter and Facebook. Consumer engagement platforms such as trade activations in open markets and consumer activations like taste trials in schools and shopping malls has commenced in various cities to connect with the consumers.