The United Bank of Africa, UBA has announced the splitting of its operations into two divisions, UBA Africa and UBA Nigeria, and the appointment of chief executive officers to head both.
UBA’s deputy managing director, Kennedy Uzoka, has been appointed the chief executive officer, CEO, UBA Africa while deputy managing director, DMD, Domestic Bank, Apollos Ikpobe, will head the new UBA Nigeria Division of the group
The bank said the new steps are in pursuit of a three – year transformation road map tagged “Project Alpha” which is aimed at repositioning it to “fully exploit the burgeoning opportunities in Africa ’s economic renaissance”.
The bank’s Africa Division will be made up of the 18 African country subsidiaries of the UBA Group outside Nigeria and will have a chief executive officer, CEO supported by two deputies along the bank’s two core product lines: Wholesale Banking (comprising, Corporate Bank, Institutional Bank and Public Sector) and Retail Banking (comprising, Personal Banking and SME Banking).
Executive Director, Emeke Iweriebor, is to be UBA Africa’s deputy CEO, Retail Bank while Oliver Alawuba is now UBA Africa Deputy CEO, Wholesale Bank.
According to the group managing director of the bank, Phillips Oduoza, it is expected that the newly created UBA Africa Division will grow and deepen the bank’s presence in member countries, optimise the synergies within the network, deepen service delivery excellence, and promote cultural integration and a high level of motivation in UBA staff in the different countries to foster one UBA Family.
Also, the new UBA Nigeria Division headed by Ikpobe is expected to consolidate all of UBA’s Nigerian businesses – Regional Banks in Nigeria, Corporate Bank, Energy Bank, and UBA Pensions – into a single division that will intensify the bank’s focus on the Nigerian market, with the aim of expanding its market share, while deepening UBA’s wallet share of existing businesses.
In addition, former executive director, human resources and customer service, Obi Ibekwe, is now the executive director, resources, overseeing Human Resources, Customer Service, Corporate Services and Procurement.
“These changes will have a strategic impact on our business as we take critical steps to fast track our Project Alpha initiatives and transformation process. Stakeholders will no doubt see significant results from the organisational and human capital repositioning we are making to enhance value creation in the group’s operations,” Oduoza said.
UBA Plc is one of Africa’s leading financial institutions offering banking services to more than seven million customers across 700 branches in 19 African countries.