The Board of Directors of United Lender for Africa (Ghana) Ltd (UBA Ghana) has appointed Olalekan Balogun as the new Running Director/Chief Executive Officer of the Bank.
His appointment usually takes influence from 08 May possibly 2020. He replaces Isong Udom, who has been the Controlling Director / Chief Govt Officer of the Financial institution because March 2018 and now re-assigned to UBA Plc, Nigeria.
Prior to his appointment, Mr Balogun was the Controlling Director / Chief Executive Officer of UBA in Liberia exactly where he led a big transformation due to the fact June 2016 and grew the Lender to become a dominant player in that state. He has more than 20-Five (25) a long time banking experience possessing joined United Lender for Africa Plc. as a refreshing graduate in June 1994 and has led and managed several departments and functions of the Bank.
As a Board, “we are delighted to have somebody of Olalekan’s calibre and practical experience to keep on the Bank’s growth technique. At this crucial second in the financial solutions field, we think that his working experience will tremendously support in the successful implementation of our strategy” Kwamena Bartels mentioned.
UBA Ghana is the major subsidiary operation of UBA Plc exterior of Nigeria in the 20 (20) countries. The board thinks that Olalekan’s expertise from other jurisdictions will be beneficial in improving what we are already performing in Ghana, earning us a significant force in the market.
Olalekan Balogun affectionally identified as Lekan has obtained a wealth of working experience ranging in excess of 20 yrs in banking. Lekan joined United Financial institution for Africa Plc. in June ’94 as an Procedure Personnel and moved to Advertising a 12 months afterwards. He speedily rose through the ranks to starting to be a Romantic relationship Manager in cost of Business Banking. As a consequence of his great functionality, he rose quickly to the stage of Supervisor in 6 (6) yrs.
In August 2000, Lekan resigned to be a part of New Nigerian Financial institution Plc (NNB) as 1 of the turnaround workers to reposition the financial institution that has been underneath the Central Financial institution of Nigeria holding motion for 10many years.
In NNB, he worked in various important roles as Enterprise Supervisor and Head, Structured Small business Team. Following the Bank Consolidation exercising in 2005, NNB merged to be portion of Unity Lender. Unity Financial institution comprised of nine banking institutions and as expected, there was workers appropriate-sizing to minimize the personnel power to an ideal amount. Skill, competencies and knowledge were being crucial characteristics in the range procedure of team to be retained in the recently fashioned financial institution.
Olalekan was not only chosen among the the a lot but was appointed as Regional Supervisor, Professional Banking in demand of 5 States out of the thirty-6 states in Nigeria.
Just after seven several years, he rejoined UBA Plc. in 2007 where by he was designed the Enterprise Supervisor, Industrial Avenue, Ilupeju, Performing Regional Director –Festac Region, Regional Bank Head, Yaba.
He excelled in all the roles and was appointed as the Strategic Small business Team Head in 2014 to take care of a much larger portfolio masking 28 Company Workplaces in Lagos.