Business

UBA appoints Ayoku Liadi as Deputy Managing Director of Nigerian Affairs

United Bank for Africa Plc (UBA) has approved the appointment of Ayoku Liadi as Deputy Managing Director (DMD) in charge of its Nigeria business.

The bank also named Oliver Alawuba as DMD for its African business.

The two DMDs will report to the Group CEO Kennedy Uzoka.

In a statement, the bank said the appointments represent further strategic recognition of the lender’s pan-African business growth, exceeding 40 per cent of Group revenue. It also highlighted the critical importance of Nigeria as the Group’s largest market.

Besides, UBA’s unique International Business operates from New York, London, Paris, UBA Africa and Nigeria, all offering unparalleled service to clients across Africa and globally.

Commenting on the appointments, Group Chairman Tony O. Elumelu said: “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent.”

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Continuing, he said the bank leads in innovation and service delivery in Africa, while its International Business in New York, Paris and London, provides global and African clients access to treasury, trade finance and corporate banking products, tailored to the African opportunity.

“These senior appointments represent our commitment to optimise our management structure to best serve our clients and drive our business success,” Elumelu added.

Alawuba worked with the UBA Group for almost 20 years. He was appointed in January 2020 as CEO for the Group’s Africa operations.

Liadi joined the UBA Group in 2014 and was two years later, appointed the Executive Director of Lagos and West bank in Nigeria.

Also announced by the UBA Group Board, was the retirement of Dan Okeke from the Board, from August 1, 2020. He has been with the UBA Group for 22 years.

Dan served as an Executive Director for three terms and a total of nine years. According to the Group Chairman, Dan has worked for the Group and achieved so much in the past two decades. We will miss him, but he will still be very much around us’.

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