UCAP announces Peter Ashade as new group CEO
by Cynthia Ikwuetoghu & Sobechukwu Eze
June 14, 2018 | 3:34 pm| | | Start Conversation
Peter Ashade. Photo Credit-THISDAY LIVE
Africa investment banking group, United Capital plc, has announced the appointment of Peter Ashade as its new CEO subject to required regulatory approval following the retirement of its group CEO, Oluwatoyin Sanni, effective June 30.
Sanni served for 12 years, ascending the position of the group CEO in January 2014. Under her leadership, United Capital showed impressive growth rate in revenue and profitability across its vital business segment, leading to national and international awards.
A more recent example is the 7 percent increase in Q1 2018 profit before tax.
The incoming CEO, Peter Ashade, till this appointment was the CEO of Africa Prudential plc. He is an investment banker with over three decades of cognate experience in Nigerian capital market.
Under his leadership, the company acquired UAC Registrar and effortlessly integrated it with Africa Prudential Registrars (APR), transforming APR into a leading company on the Nigerian Stock Exchange.
Ashade resumes as group CEO, United Capital, effectively July 1, and he is looking forward to embarking on this new journey and working with the company’s leadership and its many committed employees.
Ashade will be further supported by a crop of professionals who will oversee United Capital’s subsidiary companies: Tokunbo Ajayi, MD/ CEO, United Capital Trustees: Jude Chiemeka, MD/CEO, United Capital Securities: Sunny Anene, MD/CEO, United Capital Asset Management, and Babatunde Obaniyi, MD, United Capital Investment Banking.
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