Mr. Tony O. Elumelu, Group Managing Director/CEO, holds honours degree at both graduate and post-graduate levels in Economics. Tony obtained additional academic exposures at the prestigious business schools of Harvard, USA and IMD, Lausanne, Switzerland. His banking/financial career spans over two decades and has seen him work in virtually all areas of a bank. He was appointed MD/CEO of then Standard Trust Bank Plc in 1997, a position he held till the successful completion of its merger with United Bank for Africa Plc.

Tony has served in various capacities in the Public Sector at the instance of the Federal Government and her agencies. These include Member, Presidential Committee of the Heart of Africa [Nigeria Image] Project, Member of the Presidential Committee on NEPAD, the Advisory Board of the Federal Capital Territory and various other national committees. In the private sector, he was a founding Director of Transnational Corporation Plc, is a member of the governing council of the Financial Institutions Training Center of Nigeria, Director of the Central Securities Clearing System Ltd. and President of the West African Bankers’ Association. He was accorded the national honour of Member of the Order of the Federal Republic [MFR] in 2003.

In 2006, he was elected as President of the West African Bankers’ Association (WABA), a position he will hold for 2 years. He won the 2006 African Business Leader of The Year award conferred by the acclaimed UK-based magazine, Africa Investor. In March 2007, he was voted The Banker of The Year by the Nigerian Magazine, Global Excellence and CEO of the Year in 2008 by the same magazine.