UBA appoints Kennedy Uzoka as Group Managing Director

02 Mar 2016
Chibuike Oguh


Uzoka's appointment is effective August 1, 2016.

Kennedy Uzoka, newly appointed Group Managing Director, United Bank for Africa

United Bank for Africa (UBA), has appointed Kennedy Uzoka as its new Group Managing Director. Uzoka succeeds Phillips Oduoza, whose two terms as Group Managing Director expires on July 31, 2016.

Uzoka's appointment, which is subject to the approval of the Central Bank of Nigeria, is effective August 1, 2016. His appointment was announced on Tuesday after a meeting of the bank's Board of Directors.

Uzoka is currently UBA’s Deputy Managing Director/CEO Africa, in which position he manages the bank’s operations in 18 African countries. He is a graduate of Mechanical Engineering from the University of Benin and holds an MBA (Finance) from the University of Lagos.

“Kennedy brings an extremely strong skill set and is ideally positioned to lead UBA in its next phase of growth," said Tony Elumelu, Chairman of UBA Group. "His most recent experience of managing the Group’s increasingly important African business, is particularly relevant, as we all work to build one of the leading financial services franchises in Africa."

Mr. Elumelu also thanked Oduoza for his services to the bank over the years.

UBA, the Pan-African financial services group, is one of the largest banks in Nigeria. The bank closed the third quarter of 2015 with total assets of N2.87 trillion. The bank’s after-tax profits rose 44.4 percent to N48.56 billion, in the nine months ending on September 30, 2015, while revenues rose 17.3 percent to N247.21 billion in the same period.

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