He’s back! Tony Elumelu is the new Chairman of UBA

Tony Elumelu, the former Managing Director of the United Bank for Africa Plc (UBA) has been appointed by the bank board as its Chairman.

The appointment was made public on Monday in a statement released by the Bank’s MD/CEO, Phillips Oduoza.

Elumelu, who is the chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, will be replacing the outgoing chairman of the Group, Ambassador Joe Keshi.

According to Oduoza, “Tony Elumelu’s track record at UBA speaks for itself.”

“His return to the board brings a depth of knowledge and experience in the African financial services industry that is second to none. We are privileged to have him lead the Board at this critical stage in our development.”

Elumelu reacted to the announcement saying he was looking forward to returning to the Pan-African Bank
which he led until 2010.

“UBA represents a tremendous investment opportunity, and is at an inflection point in its growth path. We have an extremely powerful executive team and I am looking forward to bringing my experience and energy, to guide UBA’s long-term strategy. Financial services remain one of the key drivers of African growth, both in terms of social inclusion and regional integration, and the UBA Group provides a unique platform to deliver both extraordinary value and drive Africa’s economic success.

“I would also like to thank my predecessor, Ambassador Keshi and the entire board for their contributions to the growth and development of the bank,” he said.