UBA Appoints Ex -Diamond Bank Deputy MD, Caroline Anyanwu As Board Member
One of Nigeria’s Tier – 1 Financial institutions, United Bank for Africa (UBA) Plc has announced the appointment of ex -Managing Director of Diamond Bank, Caroline Anyanwu as member of its Board.
A statement on Monday by Bill Odum, Group Company Secretary, said the appointment of Anyanwu took effect on May 19th, 2021.
The statement read, “United Bank for Africa (UBA), the leading pan-African financial services institution, today announced the appointment of Caroline Anyanwu to its Board of Directors, effective May 19, 2021.”
According to UBA, Anyanwu is a First class graduate with extensive accounting, taxation, credit risk and banking experience.
“Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, taxation,
credit risk and banking throughout her career of close to four decades. She worked at UBA from 1996-2006, where she held the position of Head, Credit Risk Management. Anyanwu also served as the Deputy Managing Director of Diamond Bank with supervisory responsibility for risk management, until her retirement in 2019.”
Speaking on the appointment, UBA Group Chairman, Tony O. Elumelu said, “We welcome Caroline back to the UBA Group after fifteen years. She helped develop our credit and risk management, and her track record leaves me in no doubt that she will be able to harness her considerable experience across the African continent to bring valuable contributions to the Group Board
of UBA. Corporate governance and risk management are central to what we do at UBA and Caroline Anyanwu aligns perfectly with our vision.”
Meanwhile, the shares of UBA fell by 1.38 percent during Monday’s trading session on the Nigerian Exchange Limited (NGX).
The lender’s share price dipped from N7. 25 Kobo per share to N7.15 Kobo per share, representing a 1.38 percent depreciation on the Stock market.
The bank’s market capitalisation which represents its total value on the NGX declined by N3.419 billion, closing at N244. 525 billion down from N247.945 billion. Its outstanding shares remain at 34,199,421,368.00.
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