UBA realigns to improve operational efficiency

pursuit of its Project Alpha plans,
with the objective of strategically repositioning the Bank’s business for
leadership, United Bank for Africa (UBA) Plc, has announced key appointments
to drive its quest for industry leadership by 2015.
Phillips Oduoza-GMD/CEO-UBA Plc 
Project Alpha is a 3-year road map of key transformation initiatives, designed
to reinforce the Group’s strategic positioning and leverage its huge Africa
presence to fully exploit the burgeoning opportunities in Africa’s economic
In order to accelerate the level of achievement of the Project
Alpha objectives, the Group has announced the splitting of its operations into
two broad divisions, UBA Africa and UBA Nigeria.
UBA Africa Division will be made up of the 18 African country subsidiaries of
the UBA Group outside Nigeria. UBA Africa will have a CEO supported by two
Deputies along the Bank’s two core product lines: Wholesale Banking (comprising, Corporate Bank,
Institutional Bank and Public Sector) and Retail Banking (comprising Personal
Banking and SME Banking).
Uzoka, Deputy Managing Director, has been appointed as the Chief Executive
Officer, UBA Africa while Emeke Iweriebor, an Executive Director, has been
appointed UBA Africa Deputy CEO, Retail
Bank; and Oliver Alawuba is now UBA
Africa Deputy CEO, Wholesale Bank.
to Phillips Oduoza, Group Managing Director, “the newly created UBA Africa
Division will grow and deepen the bank’s presence in member countries, optimise the synergies within the network,
deepen service delivery excellence, and promote cultural integration and a high level of motivation in UBA
staff in the different countries to create ONE UBA Family”.
the new UBA Nigeria Division of the
Group which will be managed by Mr. Apollos Ikobe, DMD Domestic Bank,
will consolidate all of UBA’s Nigerian businesses into a single division and
will comprise all the Regional Banks in Nigeria, Corporate Bank, Energy Bank,
and UBA Pensions.  The Nigeria division will intensify the bank’s focus on
the Nigerian market, the largest economy in Africa, with the aim of expanding its
market share, while deepening UBA’s
wallet share of existing businesses.
Also in the announcements, Ms. Obi
Ibekwe, formerly Executive Director, Human Resources and Customer Service is
now the Executive Director,
Resources overseeing Human Resources,
Customer Service, Corporate Services and Procurement.
changes will have a strategic impact on our business as we take critical steps
to fast track our Project Alpha initiatives and transformation process. Stakeholders
will no doubt see significant results from the organisational and human capital
repositioning we are making to enhance value creation in the Group’s
operations” Oduoza said.
Bank for Africa Plc is one of Africa’s leading financial institutions offering
banking services to more than 7 million customers across 700 branches in 19
African countries. With presence in New York, London and Paris, UBA is
connecting people and businesses across Africa through retail, commercial and
corporate banking, innovative cross border payments, trade finance and
investment banking.


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