Monrovia – The Central Bank of Liberia (CBL) has approved the appointment of Olalekan Balogun as the new Managing Director and CEO of UBA Liberia. Balogun is taking over from Chioma Mang, who is now the Managing Director and CEO of UBA Gabon.
The new UBA Liberia MD/CEO, Olalekan Balogun is a seasoned banker with a wealth of experience of over twenty years in banking.
Olalekan joined UBA Plc as a fresh graduate in June 1994 as an Operation Staff. He moved to Marketing in 1995 and quickly rose through the ranks becoming a Relationship Manager in charge of Commercial Banking.
“I am excited by this new and challenging opportunity to lead UBA’s operations in this great country that has overcome so many challenges to emerge as one of Africa’s most promising economies.
Together with my team, we will leverage UBA Group’s extensive spread across Africa and advanced digital banking platform to help drive banking penetration through the offer of convenient banking solutions to our growing customer base in Liberia” Balogun said while commenting on his appointment.
Oliver Alawuba, Regional CEO, UBA Anglo Africa described Balogun as a promising professional man who has proven himself in the banking industry and he comes to his new job with years of quality banking experience and enthusiasm. “He is an outstanding professional and customer service advocate who will take UBA Liberia’s operations to a new level,” he said.
In 2000, Olalekan joined New Nigerian Bank Plc. (NNB) where he worked in several key roles as Business Manager and Head, Structured Business Group. After Bank consolidation in 2005, NNB merged to be part of Unity Bank and he was appointed Regional Manager, Commercial Banking in charge of Oyo, Ogun, Ekiti, Osun and Ondo States before rejoining UBA Plc. in 2007.
He was at a time Business Manager, Industrial Avenue, Ilupeju, Regional Bank Head, Yaba until he was appointed as the Strategic Business Group Head covering 28 Businesses Offices under Lagos 3.
Olalekan holds a B.sc in Economics and a Master of Business Administration from Lagos State University, Lagos.
UBA Liberia is a subsidiary of United Bank for Africa Plc (UBA), a leading provider of financial services across 19 African countries, and with presence in New York, London and Paris.
The UBA Group serves almost 11 million customers across expansive brick and mortal branches as well as diversified alternative electronic banking channels.
UBA Plc which listed on the Nigerian Stock Exchange (NSE) has a diversified shareholder base of over 270,000, with some of the greatest global fund managers as well as multilateral institutions like the International Finance Corporation (IFC) and African Development Bank (AfDB) being shareholders of the Bank.