Union Bank notifies NSE of appointments to Board

Union Bank of Nigeria Plc has informed the Nigerian Stock Exchange (NSE), shareholders and the investing public of the appointment of Mr Emeka Ogbechie as a Non-Executive Director of the bank, replacing Mr Dick Kramer, who retired in September 2019, on its Board of Directors.

The bank gave the information in a disclosure posted on the website of the Exchange, signed by Mr Somuyiwa Sonubi, Company Secretary, on Tuesday.

“The Board announces the appointment of Mr. Emeka Anthony Ogbechie as Non-Executive Director with effect from 27th May 2020, to replace Mr.Dick Kramer who retired from the Board of the Bank in September 2019,” Sonubi said.

According to Sonubi, Ogbechie is a seasoned finance professional with experience in Strategy and Corporate Planning; Portfolio Management and Benchmarking; Financial Reporting; Analytics and Tax planning; Treasury and Liquidity Management; and Cost Optimisation.

Ogbechie is currently the Chief Finance Officer of Capital Alliance Nigeria, a position he has held since 2019.

Before joining Capital Alliance Nigeria and had held positions in several local and international organizations including Equity Bank Kenya Limited; UBA Capital Plc. Lagos; Credit Suisse London; Deloitte London; and Ernst & Young, London.

Ogbechie holds a Bachelor of Arts degree in Business Administration from American Intercontinental University, and a Master of Science Degree in Management from the London School of Economics.

He is also a member of the Institute of Chartered Accountants in England and Wales (ICAEW) and holds an MBA (Strategy and Finance) from INSEAD.

Also, the Board announced the appointment of Mr Paul Kokoricha as a Non-Executive Director with effect from Aug. 28, to replace Mr Cyril Odu who passed on in September 2019.

Kokoricha is a Partner at African Capital Alliance, a private equity investment management firm.

He joined African Capital Alliance in 2002 as the Chief Financial Officer, before moving to Fund Manager role in 2004.

He has extensive experience in private equity investment management as well as in business turnarounds, transformation, and re-organization.

Before joining African Capital Alliance Kokoricha worked with Liberty Bank Plc for eight years as Group Head of Operations, with responsibility for Operations and Information Technology at the bank.

Kokoricha also worked with Arthur Andersen & Co., providing accounting, consulting, and audit services to varied clients in financial services, oil and gas, construction, and manufacturing sectors.

He is a Director of several companies, including Continental Reinsurance, Bankers Warehouse Limited, Fin Insurance and Swift Networks Limited.

He is the Chairman of the Board of Private Equity and Venture Capital Association of Nigeria.

Kokoricha holds a B.SC in Economics from the University of Nigeria, Nsukka and is a Fellow of the Institute of Chartered Accountants of Nigeria,” the statement added.