Business UBA Restructures to Deepen Operations in Nigeria, Africa - Thisday

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The United Bank for Africa (UBA) Plc has announced a new operational structure, which will see it deepen its operations in Nigeria and its African subsidiaries.

The new structure, according to the Group Managing Director, Phillips Oduoza entails the splitting of its operations into two broad divisions - UBA Nigeria and UBA Africa - and the appointment of CEOs and Deputy CEOs for both markets.

UBA Nigeria comprises domestic branches and UBA Africa comprises its 18 African subsidiaries.

The new structure and appointments, according to him are expected to drive the bank's quest for industry leadership by 2015. The new structure is effective May 1, 2014.

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Source: Thisday Newspaper

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