The Board of Union Bank Nigeria Plc has announced the appointment of Emeka Okonkwo, an Executive Director currently leading the Bank‘s Corporate Banking business as CEO designate, subject to the approval of the Central Bank of Nigeria.
The announcement followed a communication by its Chief Executive Officer, Emeka Emuwa, of his decision to retire from the Bank and his role as CEO on March 31, 2021, after eight years leading the Bank.
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Emuwa joined Union Bank in November 2012, following a $500 million investment by Union Global Partners, with a mandate to transform and restore one of Nigeria’s oldest institutions back to its rightful position as a respected provider of financial services.
Emuwa said: “I have enjoyed the significant challenge of leading Union Bank over the last eight years. I am extremely proud of the management team and what we have been able to accomplish during my time as CEO.”
Union Bank’s Chair, Beatrice Hamza Bassey thanked Emuwa for his exceptional contribution to the transformation of the business which produced excellent results and set a solid platform for growth.
She said: “The Board was pleased to have Emeka Okonkwo as incoming CEO, having been a key contributor to the achievements of the Bank over the past seven years as an Executive Director, Emeka Okonkwo is well suited to lead Union Bank’s next phase of growth.”
Emeka Okonkwo is a seasoned banker with 30 years of experience. He joined Union Bank in 2013 as an Executive Director to lead the Corporate Banking and Treasury business.
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