New Non-executive Directors to Boost United Capital’s Operations
The Chairman of United Capital Plc, Mr. Chika Mordi has said the company would reap significant benefits from the experience of the two non-executive directors, Stephen Nwadiuko and Sonny Iroche, who were appointed recently. The two new non-executive directors were appointed following the retirement of Ambassador John Shinkaiye.
“These appointments will further cement United Capital as the leading investment banking group in Nigeria. Stephen and Sonny both bring robust insight and perspective to the quality of deliberations on the board, I welcome them both on board,” Mordi said.
Nwadiuko is a fellow of Chartered Institute of Bankers of Nigeria, Institute of Chartered Accountants of Nigeria, Compliance Institute of Nigeria as well as an associate of Certified Pension Institute of Nigeria. He is a retired Deputy Director, Banking Supervision Department of the Central Bank of Nigeria (CBN) where he worked for over 20 years. He was a former council member of the Chartered Institute of Bankers of Nigeria (CIBN) and Chairman, CIBN, Abuja branch. He is currently a member of the Investigating Panel of both the CIBN and Institute of Chartered Accountants of Nigeria(ICAN) as well as a member of the Board of Trustees of the Compliance Institute Nigeria. He was recently appointed as the Managing Director/CEO of First Guarantee Pensions Limited by the National Pensions Commission.
On the other hand, Iroche is a seasoned finance executive with over 30 years’ experience in banking, power and public service. He has served on various boards such as the International Glass Industries Limited and First Merchant Bank, Sierra Leone.
Group Chief Executive Officer of United Capital Plc, Mr. Peter Ashade had said they would will innovatively change the narrative of financial services in Africa. “We will pursue with clarity our pan-African strategy, we are currently in Nigeria but building a critical mass that will enable us operate in other African countries. Furthermore, we shall strongly support the initiatives to improve the depth of the capital market in Nigeria and thereafter in Africa by engaging in product development as a means of broadening investment opportunities in our market. We shall equally focus on consistent increase in the wealth for our teeming shareholders while also ensuring that we keep a healthy relationship with other stakeholders,” he said.
According to him, in driving all these, “we shall keep in mind our three core values of Excellence, Enterprise and Execution. We shall also place premium on our people. Our people are one of our key assets.”