Union Bank appoints new directors

Union Bank of Nigeria Plc has announced new appointments to it’s board of directors.

Through a filing at the Nigerian Stock Exchange (NSE)in Tuesday, it aqcuainted it’s shareholders and other stakeholders in the market with the development.

The lender said that it’s board had appointed Emeka Anthony Ogbechie as non-executive director with effect from 27th May 2020, to replace Dick Kramer who retired from the board of the bank in September 2019.

Union bank said that Mr. Ogbechie is a seasoned finance professional with experience in strategy and corporate planning; portfolio management and benchmarking; financial reporting; analytics and tax planning; treasury and liquidity management; and cost optimization.

“He is currently the chief finance officer of Capital Alliance Nigeria, a position he has held since 2019. Before joining Capital Alliance Nigeria, Ogbechie had held positions in several local and international organizations including Equity Bank Kenya Limited; UBA Capital Plc. Lagos; Credit Suisse London; Deloitte London; and Ernst & Young, London.

“Mr. Ogbechie holds a Bachelor of Arts degree in Business Administration from American Intercontinental University, and a Master of Science Degree in Management from the London School of Economics.

He is also a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds an MBA (Strategy and Finance) from INSEAD,” the statement read.

Union bank also made know to the public the appointment of a non-executive director following the board’s decision to appoint Paul Kokoricha as Non-Executive Director with effect from 28th August 2020, to replace Cyril Odu who passed on in September 2019.

He is a Partner at African Capital Alliance, a private equity investment management firm. He joined African Capital Alliance in 2002 as the Chief Financial Officer, before making a transition to Fund Manager role in 2004.

He has extensive experience in private equity investment management as well as in business turnarounds, transformation, and re-organization.

Before joining African Capital Alliance, Mr. Kokoricha worked with Liberty Bank Plc for eight years as Group Head of Operations, with responsibility for Operations and Information Technology across the bank.

Mr. Kokoricha also worked with Arthur Andersen & Co., providing accounting, consulting, and audit services to varied clients in financial services, oil and gas, construction, and manufacturing sectors.

He is a Director of several companies, including Continental Reinsurance, Bankers Warehouse Limited, Fin Insurance and Swift Networks Limited.

He is the Chairman of the Board of Private Equity and Venture Capital Association of Nigeria.

Mr. Kokoricha holds a B.SC in Economics from the University of Nigeria, Nsukka and is a Fellow of the Institute of Chartered Accountants of Nigeria.