UBA Appoints A New GMD, Deputy MD

THE Board of the United Bank for Africa Plc, (UBA) has approved the appointments of Mr Kennedy Uzoka as the new Managing Director and Mr. Victor Osadolor as the Deputy Managing Director, however effective from August 01, 206 and subject to the ratification by the Central Bank of Nigeria, CBN.

The new MD succeeds Philips Oduoza who will retire on July 31, 2016 after serving two terms as the Group managing Director. 

Uzoka has over two decades of experience in commercial banking, strategy and business transformation. He served the bank earlier before embarking on sabbatical at Harvard and rose to Deputy Managing Director, UBA Group and also the CEO of UBA Africa which coordinates the banks operations in 18 countries across Africa.

Osadolor, the new DMD previously served the bank as Executive Director, Risk and Finance.

In a statement by the Chairman of UBA Group, Mr. Tonu Elumelu, the appointments were aimed at taking the bank to a new level of growth.

"Kennedy brings an extremely strong skill set and is ideally positioned to lead UBA in its next phase of growth .His most recent experience of managing the Groups's increasingly important African businesses, is particularly relevant, as we all work to build one of the leading financial services franchises in Africa. I have no doubt that both he and Victor with their expertise and depth of business experience will ensure that the bank is best positioned to deliver on its strategic ambition.

"I would also like to take the opportunity to thank Phillips, for all that he has done for the bank in guiding UBA through a particularly challenging period. The Board feels that the strong foundations created during Mr. Oduozor's term provide an excellent basis for our further success, Elumelu reportedly said.