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UBA Capital eyes dominance of financial services sector

By NKIRUKA NNOROM & WILLIAM JIMOH

UBA Capital Plc has reiterated commitment to leverage its four principal lines of business to gain leadership of the financial services industry.

The new Group CEO, Oluwatoyin Sanni, who stated this while ringing the trade closing bell at the Nigerian Stock Exchange, NSE, to introduce the new management, listed the four lines of business to include investment banking, trusteeship, asset management and stock broking.

She stated that the new management has adopted some key initiatives that would drive its operations going forward as well as help the company to attain the set goal.

The key initiatives, according to her, include internal processes, legal expert across all spheres of operations, new IT system deployed among other schemes.

Her word, “UBA Capital is leveraging on a formidable team of experts, and we are well-positioned to continue delivering world-class financial and investment services to our stakeholders. As a publicly-listed company on the NSE, our shareholders can be assured of high standards of disclosure and transparency, in addition to our superior performance in investment banking, trusteeship, asset management and securities.”

“In the coming week, we will unveil a series of leading and industry shaping initiatives which will redefine the financial services landscape, deliver significant value to our stakeholders and clearly set UBA Capital apart from our competitors.

“In addition, we are repositioning ourselves in such a way that we can deliver the best of services to our clients as one integrated financial services group and that means that it gives greater ease of doing business from one part of the business to another.

“The same documentation and information will be made use of for a client to be able to do business with us in all line of our business; this implies that you will be managed as a client from single point in terms of customer services, reporting, account opening, documentation and external relation.

“Now, we are able to do this through the group shared services we are deploring, which are underpinned by the state of art system that we have developed, which is largely in-house based.”

Continuing, she said, “Our initiatives include repositioning as well as expanding our activities even beyond Nigeria into West Africa and gradually to the entire continent. But for this year, our focus will still be significantly on this market because we think it gives a room to create value.”

In January, UBA Capital announced the appointment of frontline capital market operator, Oluwatoyin Sanni as the new Group CEO, and veteran banker Chika Mordi as Chairman. Comprising investment banking, trusteeship, asset management and securities arms, UBA Capital has emerged in recent years as a clear market leader in each of these areas.  In her statement to the floor, Sanni unveiled the group’s plans for accelerated growth and sector leadership this year.


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