United Bank for Africa announces new GMD

United Bank for Africa Plc, Africa’s global bank, has announced the appointment of Mr. Oliver Alawuba as the Group Managing Director. The new GMD will oversee all the Group’s banking operations across its twenty African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates.

Who is this new GMD?

According to his Linkedin bio, Oliver Alawuba “is a seasoned banker with over twenty years experience in academics and research. He has broad, hands-on knowledge in investment banking, retail, and commercial banking, corporate finance, project management, and public sector relationship management. He is also a member of the Association of Bank Directors in Nigeria.” 

How Long has He been with UBA?

Alawuba, who until this appointment was the Chief Executive Officer, CEO since January 2020, is not new to the operations of banking across Africa, as well as Tony Elumelu’s UBA. He joined the UBA Group in 1997 and had supervised the bank’s public sector and personal business over the years. He was once the CEO of UBA Ghana, rising to become Regional CEO of UBA Africa before returning to Nigeria to run UBA’s East Bank.

What are the reactions?

Reacting to the development, the Chairman of UBA Group, Mr. Tony Elumelu said he had no doubt that Alawuba would build on the legacies of the outgoing GMD, Mr. Kennedy Uzoka.

“I am very pleased to announce Oliver Alawuba as the new Group Managing Director of the UBA Group. Oliver has extensive experience in Nigeria and our African network and is well equipped to advance our Pan-African and global strategy” Elumelu said.

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