The recent shake-up in three banks in Nigeria saw Yetunde Oni called to work as the new Managing Director and Chief Operating Officer of Union Bank.
Oni’s appointment was contained in the announcement made on Wednesday by Sidi-Ali Hakama, the acting director of Corporate Communication at the Central Bank of Nigeria (CBN), through a circular dated January 10, 2024.
The appointment comes at a tumultuous time, following the dissolution of the Board and Management of three prominent banks, including Union Bank, Keystone Bank, and Polaris Bank. “We are confident in Yetunde Oni ’s abilities to lead Union Bank in these challenging times,” stated Hakama. “Her extensive experience in the banking industry is what Union Bank needs to navigate the current situation.”
Profile – Yetunde Oni
Yetunde Oni’s arrival as the new CEO adds a new dimension to the ongoing issues surrounding the acquisition of Union Bank by Titan Trust Bank (TTB). She replaces Mudassir Amray, the former CEO, amid heightened scrutiny over the bank’s acquisition.
Yetunde Oni, a seasoned professional with over 25 years in the banking sector, is known for her dynamic leadership and expertise in client solutions and team management.
Education
Yetunde Oni ‘s academic credentials include an Economics degree from the University of Ibadan and an MBA from Bangor University, complemented by executive training at Oxford University.
Career
Oni’s career began at Prime Merchant Bank Treasury & Money Markets Group, followed by an 11-year stint at Ecobank Nigeria as a Relationship Manager. She joined Standard Chartered Bank Nigeria in 2005, where she held various key positions, culminating in her role as the Managing Director & Country Head of Commercial Banking in West Africa.
Before joining Union Bank, Oni was the first female Managing Director and CEO at Standard Chartered Bank in Sierra Leone.
“This appointment is a testament to Yetunde Oni’s remarkable career and the value she brings to the banking industry,” said a spokesperson from Union Bank. “Her leadership is vital in steering Union Bank towards a future of growth and stability.”
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