United Bank for Africa (UBA) Plc has appointed veteran banker and corporate executive Emmanuel Nnorom as its new Group Chairman, following the retirement of Tony Elumelu after the completion of his tenure.

Nnorom, who has served as a Non-Executive Director on UBA’s Board since 2024, will officially assume office on August 21, 2026, in line with the Central Bank of Nigeria’s corporate governance guidelines.

Here are 10 key facts about the incoming UBA chairman:

1. Born in 1958
Emmanuel Nwabuikwu “Emma” Nnorom was born on April 7, 1958, and has built a distinguished career spanning banking, investment and corporate leadership.

2. Executive education at Oxford
Nnorom attended Templeton College, Oxford, where he completed executive leadership and management programmes, further strengthening his corporate governance expertise.

3. Chartered accountant and banker
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and an Honorary Member of the Chartered Institute of Bankers of Nigeria (CIBN).

4. More than 40 years of experience
With over four decades in banking, finance, audit, operations and corporate governance, Nnorom has occupied several executive and board positions in Nigeria’s financial sector.

5. Career across leading Nigerian banks
Before his leadership roles at UBA, he worked in senior management positions at Standard Trust Bank (now UBA), Diamond Bank, NUB International Bank and Liberty Merchant Bank, overseeing finance, operations, risk management, planning, information technology and human resources.

6. Rose through the ranks at UBA
Nnorom spent more than eight years in executive management at UBA, serving as Group Chief Operating Officer, Executive Director (Finance), Executive Director (Risk), Executive Director (Group Executive Office) and later Managing Director/Chief Executive Officer of UBA Africa.

7. Led UBA’s African expansion
As CEO of UBA Africa in 2013, he supervised the bank’s operations across several African countries, helping strengthen its position as one of the continent’s leading financial institutions.

8. Served at Heirs Holdings
Before joining Transcorp, Nnorom was President and Chief Operating Officer of Heirs Holdings between January and August 2014, where he played a key role in executing the group’s investment strategy.

9. Former President and CEO of Transcorp
Between September 2014 and May 2017, he served as President and Chief Executive Officer of Transnational Corporation Plc (Transcorp), overseeing businesses in power, hospitality, agriculture and energy.

10. Current Group CEO of Heirs Holdings
Since June 2017, Nnorom has served as Group Chief Executive Officer of Heirs Holdings, leading investments across financial services, healthcare, power, hospitality, real estate, technology and energy.

His appointment marks a new chapter for UBA as the bank transitions from the era of Tony Elumelu to another seasoned corporate leader with decades of experience in banking, governance and strategic investment.

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First City Monument Bank (FCMB) has announced the appointment of Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors following regulatory approval from the Central Bank of Nigeria.

The appointment brings one of Nigeria’s most recognized economists and financial analysts into a key leadership position at the bank as it seeks to strengthen its governance framework and strategic direction.

Rewane has over 40 years of experience spanning macroeconomic research, investment banking, financial advisory services, and corporate strategy. He currently serves as the Managing Director of Financial Derivatives Company Limited, a leading economic research and financial consulting firm.

Throughout his career, he has held senior leadership positions within the financial services industry, including roles at International Merchant Bank Nigeria Limited and First National Bank of Chicago. His expertise has made him a respected voice in economic policy discussions and financial market analysis.

A graduate of Economics from the University of Ibadan, Rewane is a Fellow of the Nigerian Economic Society and the Chartered Institute of Bankers of Nigeria. He is also an Associate of the Institute of Bankers in England and Wales.

His boardroom experience extends across several major corporations and multinational organizations. Over the years, he has served on the boards of companies including Guinness Nigeria Plc, British American Tobacco, Henkel Nigeria Limited, Top Feeds Nigeria Limited, and Africa Infrastructure Plus Partners.

Rewane also served as a member of the Presidential Steering Committee established to address the global economic crisis. In addition, he has completed executive management programmes at internationally recognized institutions, including Oxford International Capital Markets Programme, the Euromoney Institute of Finance, and IMD Lausanne in Switzerland.

FCMB stated that the appointment reflects its commitment to strong corporate governance and sustainable growth. The bank expressed confidence that Rewane’s experience in macroeconomics, strategic management, and corporate governance will support its long-term objectives and enhance value creation for shareholders and other stakeholders.

According to the bank, his appointment comes at a significant period in its growth journey and is expected to strengthen leadership oversight while supporting future expansion plans.

First City Monument Bank Limited operates as a member of FCMB Group Plc, a diversified financial services group with interests in banking, consumer finance, investment management, pensions, and financial technology services.

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