The Board of Directors of United Bank for Africa (Ghana), has announced the appointment of Mr. Olalekan Balogun as the new Managing Director / Chief Executive Officer of the Bank.
His appointment takes effective from 08 May, 2020. He replaces Mr. Isong Udom, who has been the Managing Director / Chief Executive Officer of the Bank since March 2018 and now re-assigned to UBA Plc, Nigeria.
Prior to his appointment, Mr. Balogun was the Managing Director / Chief Executive Officer of UBA in Liberia where he led a major transformation since June, 2016 and grew the Bank to become dominant player in that country. He has over twenty-Five (25) years banking experience having joined United Bank for Africa Plc. as a fresh graduate in June 1994 and has led and managed various departments and operations of the Bank.
As a Board, “we are delighted to have someone of Olalekan’s caliber and experience to continue the Bank’s growth strategy. At this critical moment in the financial services industry, we believe that his experience will greatly help in the successful implementation of our strategy” Hon. Kwamena Bartels noted.
UBA Ghana is the biggest subsidiary operation of UBA Plc outside of Nigeria in the twenty (20) countries. The board believes that Olalekan’s experience from other jurisdictions will be useful in improving what we are already doing in Ghana, making us a major force in the industry.