United Bank for Africa Plc (UBA), the Pan-African bank with operations in 19 African countries, New York, London and Paris, announces the launch of Project Alpha – the Group’s new focus for strategic transformation.
UBA has for 8 years executed a dedicated strategy of local, regional and global expansion, the implementation of which has seen the Group transform from a national player to an institution of international prominence. Project Alpha is a 3-year road map of key transformation initiatives, designed to consolidate the Group’s strategic positioning and fully exploit the burgeoning opportunities from Africa’s economic renaissance and the Group’s unique platform.
Project Alpha is focused on leveraging all aspects of the Group’s footprint, product offerings and operational capability, allowing a commitment to customer service transformation, market share growth, the implementation of key e-banking initiatives across all segments, the growth of corporate and trade finance capabilities and significant investment in human capital – represented by a workforce of over twenty-five thousand people.
A series of senior executive hires underlines the Group’s commitment to Project Alpha. Mr. Apollos Ikpobe has been appointed as Deputy Managing Director, Domestic Bank and Ms. Obi Ibekwe as Executive Director Human Resources and Customer Service. Both appointments have been approved by the Central Bank of Nigeria (CBN).
Mr. Ikpobe, who until recently was an Executive Director of Zenith Bank, a position he held for 7 years, brings over 21 years of experience in the Nigerian banking sector to UBA. Mr. Ikpobe will be responsible for driving UBA’s domestic business in Nigeria. His appointment complements the role of the existing Deputy Managing Director, Mr. Kennedy Uzoka, responsible for Resources and Treasury.
The new Executive Director Human Resources and Customer Service, Ms. Ibekwe had a distinguished career with Zenith Bank Plc, where she was responsible for Human Resource Management, Customer Services, as well as Credit Risk Management. She has a background in consulting, banking and customer service, critical for leading the renewed service excellence culture at UBA. Her appointment to the board brings to five, the number of female Directors on the Group board of UBA.
Other key appointments also announced include Mr. Rasheed Adegoke, Director, Information Technology. Mr Adegoke joins UBA from First Bank of Nigeria, where he was CIO, a role he has held over 13 years at different institutions in the Nigerian financial services sector. He is a technology and process strategist with hands-on expertise in the design and delivery of high-performance information technology and business process improvement solutions to address complex business problems.
A critical aspect of the Project Alpha initiative is the focus on UBA Africa, whose contribution is currently 20% of group performance and is planned to be 50% by 2016. To drive this, the Group is reinforcing its senior African leadership by the appointment of Emmanuel Nnorom, Formerly Executive Director, Finance & Risk Management at UBA, as the CEO for UBA Africa.
Other senior level appointments in UBA Africa include Mrs. Amie Sow, Managing Director, UBA Senegal; Mr. Demola Ogunfeyimi, Managing Director, UBA Tanzania; Mr. Mamadou Sanon, Managing Director, UBA Gabon; Mr. Martin Che, Managing Director, UBA Congo Brazzaville; Mr. Marcel Bitang, Managing Director, UBA DRC; Mr. Stanley Ugwueze, Managing Director, UBA Zambia; Mrs. Abiola Bawuah, Deputy Managing Director, UBA Ghana; Mr. Benedict Nklama, Executive Director, UBA Kenya; Mr. Wilbrod Owor, Executive Director, UBA Uganda and Mr. Chinedu Obeta, Executive Director, UBA Sierra Leone.
“UBA is able to recruit the cream of African banking talent and we are proud to be able to provide a dynamic platform for these Africans to contribute to our continent’s transformation” said the GMD/CEO, UBA Mr. Phillips Oduoza.
Speaking further, he said: “Our people remain our greatest asset and we will continue to strategically retool and resource to achieve and surpass the goals of Project Alpha”.
More broadly, Project Alpha allows us both to build on the existing strengths of our franchise, but more importantly demonstrates that going forward we continue to reinvent ourselves, ensuring we capture and deliver maximum value for clients, shareholders and staff” he explained.
United Bank for Africa Plc is one of Africa’s leading financial institutions, offering banking services to more than 7 million customers across over 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 and trade finance.