UBA Re-Defines Operations, Creates Nigeria, Africa Divisions

United Bank for Africa Plc has redefined its operations, splitting it into two broad divisions, UBA Africa and UBA Nigeria, in a renewed move to strengthen its presence in Africa.
As a result, the bank has announced key appointments to drive its new operational structure in its quest for industry leadership by 2015.
According to a statement by the UBA, the new operational strategy, titled Project Alpha, is a three-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 renaissance.
The UBA Africa Division will be made up of the 18 African country subsidiaries of the UBA Group outside Nigeria. The bank said the UBA Africa would have a chief executive officer supported by two deputies along the bank’s two core product lines, namely wholesale banking (comprising corporate bank, institutional bank and public sector); and retail banking (comprising personal banking and Small and Medium Enterprise banking).The UBA Deputy Managing Director, Kennedy Uzoka, has been appointed as the Chief Executive Officer, UBA Africa; while an Executive Director, Emeke Iweriebor, has been appointed UBA Africa Deputy CEO, Retail Bank.

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