UBA Africa ap­points new CEO, em­ploys 4,000

The Punch - - MONEY -

UNITED Bank for Africa Plc on Mon­day ap­pointed Oliver Alawuba as the chief ex­ec­u­tive of­fi­cer of UBA Africa to over­see the bank’s 20 African coun­try op­er­a­tions, ex­cept Nige­ria.

A state­ment said he suc­ceeded Vic­tor Osado­lor, who re­tired from the group’s board, af­ter nine years of work­ing with UBA.

in a sim­i­lar vein, the bank said it had em­ployed over 4,000 new em­ploy­ees and pro­moted over 5,000 oth­ers with in­creased salaries.

The bank said the ben­e­fi­cia­ries would re­ceive up to 170 per cent in­crease in their salaries and ben­e­fits, and the de­vel­op­ments took ef­fect from this month, a state­ment in­di­cated.

UBA Africa serves over 19 mil­lion cus­tomers across the African con­ti­nent, pro­vid­ing re­tail, com­mer­cial and in­sti­tu­tional bank­ing ser­vices.

The state­ment said con­cern­ing the new CEO, “Alawuba has close to three decades of bank­ing in­dus­try ex­pe­ri­ence. He was once the chief ex­ec­u­tive of­fi­cer of UBA ghana and rose to be­come re­gional CEO, UBA Africa be­fore re­turn­ing to Nige­ria to run UBA’S East Bank.

“Un­der his lead­er­ship, UBA’S Nige­rian East Bank divi­sion be­came the fastest grow­ing re­gional bank in the group.”

The board also ap­pointed Sene­galese na­tional, Ab­doulaziz Dia as ex­ec­u­tive di­rec­tor for trea­sury and in­ter­na­tional bank­ing, sub­ject to the ap­proval of the Cen­tral Bank of Nige­ria.

it added, “Dia be­comes the first non-nige­rian group ex­ec­u­tive di­rec­tor of the bank, bring­ing a wealth of multi­geo­graph­i­cal ex­pe­ri­ence to the group.

“Dia will be re­spon­si­ble for UBA’S global net­work of op­er­a­tions in New York, Lon­don and Paris, to­gether with group Trea­sury, where UBA of­fers a so­phis­ti­cated suite of prod­ucts to multi­na­tion­als, in­ter­na­tional in­sti­tu­tions and African clients.”

Again, Chuk­wuma Nweke, cur­rently the ex­ec­u­tive di­rec­tor op­er­a­tions, was con­firmed by the board as the group ex­ec­u­tive di­rec­tor, re­tail and pay­ments, demon­strat­ing its com­mit­ment to its re­tail of­fer­ing.

The board also ap­pointed Chi­ugo Ndu­bisi as group ex­ec­u­tive di­rec­tor and the group chief op­er­at­ing of­fi­cer, sub­ject to the ap­proval of the Cen­tral Bank of Nige­ria.

it stated that he is a pro­fes­sional with al­most three decades of bank­ing ex­pe­ri­ence that in­cluded the role of chief fi­nance of­fi­cer and ex­ec­u­tive di­rec­tor on the board of a fi­nan­cial in­sti­tu­tion.

“His in-depth un­der­stand­ing of bank­ing and fi­nance in­dus­try dy­nam­ics will bring a lot of value to the group Board of UBA,” it stated.

Speak­ing on the ap­point­ments, group Chair­man Tony Elumelu, said “These ap­point­ments em­pha­sise the group’s com­mit­ment to our panafrican and global net­work, our huge re­tail client base and our oper­a­tional in­fra­struc­ture.

“We are fo­cused on im­prov­ing our ef­fi­ciency and fur­ther strength­en­ing our pan-african mis­sion, us­ing the ex­tra­or­di­nary pool of tal­ent and ex­pe­ri­ence avail­able in the group.”

On his own part, the group Man­ag­ing Di­rec­tor/ Chief Ex­ec­u­tive Of­fi­cer of the bank, Kennedy Uzoka, said the com­pany be­came high­est em­ployer of labour among Nige­rian banks with a staff strength which had peaked close to 20,000.

He said, “The bank crashed its grade lev­els to 12 lev­els, from en­try level to the top of the pyra­mid were pre­vi­ously it had been 16 lev­els. This means that staff will now find it much eas­ier to at­tain top lead­er­ship man­age­ment po­si­tions at UBA as their ca­reers progress much faster.

“in a mas­sive re­cruit­ment drive , over 4,000 new staff mem­bers re­sumed in the last week of De­cem­ber 2019 in Nige­ria alone at the bank. UBA cur­rently stands as the high­est em­ployer of labour among Nige­rian banks with a staff strength of close to 20,000.”

Uzoka said the bank was con­tin­u­ally seek­ing new ways to im­prove the for­tunes of its staff as they were the back­bone of the or­gan­i­sa­tion.

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