The United Bank for Africa (UBA) recent
appointment of the new board chairman, Ambassador Joe Keshi has been described
as a good omen that bequeaths dynamic growth for African markets.
DigitalSENSE
Business News recalls that the pan-African financial services group in
which investment company Heirs Holdings
has a strategic interest, had announced the appointment of a new board
chairman, Ambassador Joe Keshi.
The appointment of Ambassador Keshi, brings
significant foreign service experience, as the management of Heirs Holding says
signals the increasing importance of UBA’s pan-African and global network.
Heirs Holdings chairman, Tony O. Elumelu, who
retired as Group Managing Director and CEO of UBA in 2010 and whose strategic
vision is responsible for today’s UBA, confirmed that Keshi's appointment would
add significant value to UBA’s shareholders.
"Joe Keshi brings to this position a
track record of rigorous governance, an international perspective and
experience in policy formulation. These qualities are critical to UBA’s
strategy of consolidating its position as the leading pan-African financial
services group in Africa," he said.
Elumelu pointed out DigitalSENSE Business News that this
appointment lays to rest some of the ill-informed speculation relating to his possible
return to UBA.
“With Heirs Holdings developing an
increasingly diversified portfolio, including Transcorp as well as Tenoil, Afriland, our real estate business,
and Avon Healthcare, leading Heirs Holdings and ensuring that we capture the
many exciting opportunities in Nigeria and across Africa, requires my full time
attention. I can think of no better person than Joe Keshi to lead UBA,” he
said.
Ambassador Keshi has over 35 years of public
service, working at the highest levels of government administration in Africa
and during his career served as Permanent Secretary, at the Nigerian Ministry
of Foreign Affairs; Charge d’Affaires, Embassy of Nigeria, The Hague,
Netherlands and Consul-General of Nigeria in Atlanta, USA. Ambassador Keshi was
first appointed to the UBA Board in 2010 and became Vice Chairman in 2011.
Ambassador Keshi’s appointment follows the retirement of Chief Israel Ogbue, a
member of the UBA Board since 2005 and who has served as Chairman since January
1, 2011.
Speaking on his appointment, Ambassador Keshi DigitalSENSE Business News that UBA
has demonstrated ability for creating sustained value for various stakeholders.
“Our pan-African footprint, particularly,
gives UBA an extremely effective platform for harnessing and indeed
contributing to, the growing economic potential of African markets,” he said.
Remmy Nweke with additional report from APO
Pix: Amb Joe Keshi in handshake with Chief Israel Ogbue, former UBA chairman
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