Banking: UBA Launches ‘Project Alpha’

…Announces major management reshuffle

In a bit to properly position itself for leadership banking in Africa, the United Bank for Africa (UBA) Group has announced the launch of Project Alpha which it say is the next stage of strategic transformation for the Group

Project Alpha is a 3 year route map of key transformation initiatives, designed to consolidate the Group’s strategic positioning and fully capture the 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 the human capital represented by the over twenty five thousand UBA work force.

UBA has for [8] years executed a dedicated strategy of local, regional and global expansion, whose implementation has seen the Group transform from a national player to an institution of international prominence.

UBA Plc is a Pan-African bank with operations in 19 African countries, New York, London and Paris,

UBA has for [8] years executed a dedicated strategy of local, regional and global expansion, whose implementation has seen the Group transform from a national player to an institution of international prominence.

A critical aspect of the Project Alpha initiative is the focus on UBA Africa, whose contribution currently at 20% of group performance and is planned to be 50% in by 2016. 

Group Managing Director UBA, Mr. Phillips Odunze, explained “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 the maximum of value for clients, shareholders and staff.”

And to drive this, the Group is reinforcing its senior African leadership with a series of senior executive hires to underlines its commitment to Project Alpha.

Mr. Emmanuel Nnorom, formerly Executive Director, Finance & Risk Management at UBA, has now been appointed 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.

For Nigeria, 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 was until recently an Executive Director at Zenith Bank, a position he held for 7 years, brings over 21 years of experience of the Nigerian banking sector.  Mr. Ikpobe will be responsible for driving UBA's domestic business in Nigeria. His appointment complements existing Deputy Managing Director, Mr. Kennedy Uzoka, responsible for Resources and Treasury.

Her appointment to the board brings to five, the number of female Directors at the Group board of UBA.

Mr. Rasheed Adegoke, is now the General Manager, Group Information Technology.

“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,” enthused Mr. Oduoza.

 Adding that “Our people remain our greatest asset and we will continue to strategically retool and resource to achieve and surpass the goals of Project Alpha”.

United Bank for Africa Plc is one of Africa's leading financial institutions, offering banking services to more than 7 million customers with 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