United Bank for Africa Plc on Monday appointed Oliver Alawuba as the chief executive officer of UBA Africa to oversee the bank’s 20 African country operations, except Nigeria.
A statement said he succeeded Victor Osadolor, who retired from the group’s board, after nine years of working with UBA.
In a similar vein, the bank said it had employed over 4,000 new employees and promoted over 5,000 others with increased salaries.
The bank said the beneficiaries would receive up to 170 per cent increase in their salaries and benefits, and the developments took effect from this month, a statement indicated.
UBA Africa serves over 19 million customers across the African continent, providing retail, commercial and institutional banking services.
The statement said concerning the new CEO, “Alawuba has close to three decades of banking industry experience. He was once the chief executive officer of UBA Ghana and rose to become regional CEO, UBA Africa before returning to Nigeria to run UBA’s East Bank.
“Under his leadership, UBA’s Nigerian East Bank division became the fastest growing regional bank in the group.”