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April 24, 2014

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UBA launches subsidiary in London

UBA Capital (Europe), the London-based investment banking and asset management affiliate of UBA Plc – West Africa's largest financial services institution – has formally commenced business following its official launch on Wednesday February 6, 2008 in London. The impressive ceremony witnessed by UK and African business leaders, representatives of leading investment banking firms, clients in Europe and key players in the London and African financial markets, took place at the historic Duke of Wellington Arch, Hyde Park, London. The birth of UBA Capital was the result of the substantial equity investment by UBA in Afrinvest Ltd, a privately owned investment banking firm in London specialising in African securities. UBA Capital will act as an important addition to UBA's Pan African asset management business, providing international investors with access to investment opportunities across the African continent. As Africa's global bank, UBA has been expanding from Nigeria where it has attained dominant status, to other parts of West, East and Central Africa. The London affiliate will further extend the Bank's presence outside Africa in addition to its operations in New York and the Cayman Islands. "We are most delighted at the launch of UBA Capital. It marks a significant milestone for us as we leverage this platform for all transactions involving Africa and Africa-related businesses," Mr. Tony Elumelu, the Group Managing Director/CEO, UBA Plc, said. UBA Plc is the largest banking group in West Africa with a balance sheet of approximately US$15bn and more than 6 million customers across the region.

UBA Capital (Europe), the London-based investment banking and asset management affiliate of UBA Plc – West Africa's largest financial services institution – has formally commenced business following its official launch on Wednesday February 6, 2008 in London.

The impressive ceremony witnessed by UK and African business leaders, representatives of leading investment banking firms, clients in Europe and key players in the London and African financial markets, took place at the historic Duke of Wellington Arch, Hyde Park, London.

The birth of UBA Capital was the result of the substantial equity investment by UBA in Afrinvest Ltd, a privately owned investment banking firm in London specialising in African securities.
UBA Capital will act as an important addition to UBA's Pan African asset management business, providing international investors with access to investment opportunities across the African continent.

As Africa's global bank, UBA has been expanding from Nigeria where it has attained dominant status, to other parts of West, East and Central Africa. The London affiliate will further extend the Bank's presence outside Africa in addition to its operations in New York and the Cayman Islands.

"We are most delighted at the launch of UBA Capital. It marks a significant milestone for us as we leverage this platform for all transactions involving Africa and Africa-related businesses," Mr. Tony Elumelu, the Group Managing Director/CEO, UBA Plc, said.

UBA Plc is the largest banking group in West Africa with a balance sheet of approximately US$15bn and more than 6 million customers across the region.

 

11.02.2008 (00:00)