Union Bank of Nigeria’s CEO, Yetunde Oni, was appointed by the Central Bank of Nigeria (CBN) on Thursday. The three banks’ leaders were fired for alleged corporate governance violations and non-compliance with regulatory standards, among other things. In a Thursday morning statement, Sidi Hakama, the top bank’s acting Director of Corporate Communications, confirmed the appointment. According to the release, Yetunde Oni, the first female CEO of Standard Chartered Bank in Sierra Leone, has been appointed Chief Executive Officer of Union Bank.
Who is Yetunde Oni?
Mrs Oni has over 29 years of experience as a developing market banker, specializing in client solutions, relationship management, team leadership, and talent development. She was the first female Managing Director and CEO at Sierra Leone’s Standard Chartered Bank before joining Union Bank. She began her career at the Treasury Department of Prime Merchant Limited Nigeria in 1991, where she mobilized client deposits, traded money market instruments, and coordinated with the Central Bank on operational problems.
Notable Career of Yetunde Oni:
She joined Ecobank Nigeria in 1994, where she originated loan facilities for multinationals and top local firms across various industries. Mrs Oni, who joined Standard Chartered in 2005 as a Senior Relationship Manager/Area Manager, was instrumental in developing a new client portfolio and enhancing the franchise’s position in Nigeria during its early years. By 2010, she had been promoted to oversee the Local Corporates and Commodity Traders Team, significantly increasing client revenues, offshore revenues, asset book, and Liability to Asset Ratio. She was appointed Managing Director and Head of Nigeria’s new Commercial Banking Division in 2014 and still retains that post today.
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