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UBA restructures; makes top level management appointments

by Business News Report

United Bank for Africa Plc (UBA)has announced a major restructuring that will enable it actualize its corporate vision of a true Pan-African bank. The bank said it has launched Project Alpha, the Group’s next stage which focus is strategic transformation. To drive the dream, the bank has made some very senior appointments into its management team. A statement from the Bank said “A series of senior executive hires underlines the Group’s commitment to Project Alpha.  Mr. Apollos Ikpobe has been appointed as Deputy Managing Director, Domestic Bank and Ms. Obi Ibekwe as Executive Director Human Resources and Customer Service.  Both appointments have been approved by the Central Bank of Nigeria (CBN).
Mr. Ikpobe, the statement said was until recently an Executive Director at Zenith Bank, a position he held for 7 years, brings over 21 years of experience of the Nigerian banking sector.  Mr. Ikpobe will be responsible for driving UBA’s domestic business in Nigeria. His appointment complements existing Deputy Managing Director, Mr. Kennedy Uzoka, responsible for Resources and Treasury.
The new Executive Director Human Resources and Customer Service, Ms. Ibekwe had a distinguished career with Zenith Bank Plc, where she was responsible for Human Resource Management, Customer Services, as well as Credit Risk Management.  She has a background in consulting, banking and customer service, critical for leading the renewed service excellence culture at UBA. Her appointment to the board brings to five, the number of female Directors at the Group board of UBA.
Other key appointments also announced include Mr. Rasheed Adegoke, General Manager in charge of Group Information Technology. Mr Adegoke joins UBA from First Bank of Nigeria, where he was CIO, a role he has held over 13 years at different institutions in the Nigerian financial services sector.  He is a technology and process strategist and with hands-on expertise in the design and delivery of high-performance information technology and business process improvement solutions to address complex business problems”.
UBA has for eight years executed a dedicated strategy of local, regional and global expansion, whose implementation has seen the Group transform from a national player to an institution of international prominence. Project Alpha is a 3 year route map of key transformation initiatives, designed to consolidate the Group’s strategic positioning and fully capture the opportunities from Africa’s economic renaissance and the Group’s unique platform.

Project Alpha is focused on leveraging all aspects of the Group’s footprint, product offerings and operational capability, allowing a commitment to customer service transformation, market share growth, the implementation of key e-banking initiatives across all segments, the growth of corporate and trade finance capabilities and significant investment in the human capital represented by the over twenty five thousand UBA work force.
A critical aspect of the Project Alpha initiative is the focus on UBA Africa, whose contribution currently at 20% of group performance and is planned to be 50% in by 2016.  To drive this, the Group is reinforcing its senior African leadership.
Emmanuel Nnorom, Formerly Executive Director, Finance & Risk Management at UBA, has been appointed as the CEO for UBA Africa. Other senior level appointments in UBA Africa include Mrs. Amie Sow, Managing Director, UBA Senegal; Mr. Demola Ogunfeyimi, Managing Director, UBA Tanzania; Mr. Mamadou Sanon, Managing Director, UBA Gabon; Mr. Martin Che, Managing Director, UBA Congo Brazzaville; Mr. Marcel Bitang, Managing Director, UBA DRC; Mr. Stanley Ugwueze, Managing Director, UBA Zambia; Mrs. Abiola Bawuah, Deputy Managing Director, UBA Ghana; Mr. Benedict Nklama, Executive Director, UBA Kenya; Mr. Wilbrod Owor, Executive Director, UBA Uganda and Mr. Chinedu Obeta, Executive Director, UBA Sierra Leone.
“UBA is able to recruit the cream of African banking talent and we are proud to be able to provide a dynamic platform for these Africans to contribute to our continent’s transformation” said the GMD/CEO, UBA Mr. Phillips Oduoza. Speaking further, he said: “Our people remain our greatest asset and we will continue to strategically retool and resource to achieve and surpass the goals of Project Alpha”.  More broadly, Project Alpha allows us both to build on the existing strengths of our franchise, but more importantly demonstrates that going forward we continue to reinvent ourselves, ensuring we capture and deliver the maximum of value for clients, shareholders and staff” he explained.

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