November 30, 2023

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UBA Africa Gets First Female CEO, As Group Announces Six Executive Appointments

The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, has announced the appointment of Mrs Abiola Bawuah, as the Chief Executive Officer of UBA Africa.

A statement on Monday added that Bawuah would join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria.

UBA operates in 19 African countries beyond Nigeria, in addition to global operations in New York, London, Paris and the UAE.

Bawuah, a Ghanaian national, is the first female CEO of UBA Africa.
The statement noted that Bawuah’s appointment further demonstrates UBA’s commitment to diversity.
“The UBA Group Board now includes eight female Directors,” it added.

Prior to her appointment, Bawuah was the Regional CEO, West Africa, supervising the Group’s operations in nine subsidiaries, including Benin, Burkina Faso, Cote d’Ivoire, Ghana, Guinea, Liberia, Mali, Senegal, and Sierra Leone. She previously held the role of CEO, UBA Ghana.
The Group Board Chairman, Mr Tony Elumelu lauded the appointment, saying, “Abiola has contributed significantly to the growth of UBA Africa for close to a decade. She brings a wealth of experience in commercial banking, and stakeholder engagement. It also gives me great pleasure that with her appointment, the UBA Group Board has now become a majority female board.”
The UBA Group also announced other appointments.
“Chris Ofikulu becomes the Regional CEO, UBA West Africa. Ofikulu, has over two decades of banking experience spanning corporate, commercial, and retail banking.
“Uzoechina Molokwu will take on the role as Deputy Managing Director (DMD) of UBA Ghana, subject to local regulatory approvals. He was previously the Executive Director, Business Development – UBA Côte d’Ivoire and has over 23 years banking experience.

“Ayokunle Olajubu will be the Managing Director/CEO UBA Liberia, subject to local regulatory approvals. He currently drives compliance across Africa subsidiaries and comes with 30 years banking experience in Nigeria and other African countries, including Sierra Leone, Cote D’Ivoire and the Gambia.
“Theresa Henshaw has been appointed as CEO of UBA UK, subject to local regulatoryapprovals. She was previously the DMD, Business Development, UBA America and joined the Group as ED, Business Development at UBA UK.

“Usman Isiaka, currently CEO, UBA Sierra Leone, will be the Deputy CEO in UBA America, subject to local regulatory approvals.

“Adeyemi Adeleke, the former CEO of UBA, UK is now the Group Treasurer. Adeleke will be working to unlock the immense value in the Group’s multi-jurisdictional balance sheet, leveraging on its presence in 24 countries within and beyond Africa,” the statement said.
Apart from the appointments, the UBA announced the retirement of High Chief Samuel Oni, an independent non-executive Director, from the Board.
This followed the expiration of his tenure.
He joined the UBA Group in January 2015 and served on the Board of the Group for eight years.
Elumelu commeded Oni for his commitment, leadership and extensive contributions to the UBA Group.
“Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, United Bank for Africa provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

“UBA is one of the largest employers in the financial sector on the African continent, with 25,000 employees group wide and serving over 37 million customers globally,” the statement added.

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