Yetunde Oni Takes the Helm at Union Bank Amid Regulatory Changes
Career Moves

Yetunde Oni Takes the Helm at Union Bank Amid Regulatory Changes

In the aftermath of the Central Bank of Nigeria’s (CBN) decision to dissolve the Board and Management of Union Bank, Keystone Bank, and Polaris Bank, Yetunde Oni has emerged as the new Managing Director/Chief Operating Officer of Union Bank plc, a move announced by Sidi-Ali Hakama, the acting director of Corporate Communication.

Yetunde Oni’s arrival comes against the backdrop of Titan Trust Bank’s (TTB) chairman, Babatunde Lemo, facing questioning regarding TTB’s acquisition of Union Bank of Nigeria Plc (UBN). With Titan Trust Bank refuting allegations, Oni’s appointment introduces a layer of uncertainty to the saga, taking the reins from Mudassir Amray, the former CEO.

Yetunde Oni’s Distinguished Career: Navigating Complexity

Bringing 25 years of experience, Yetunde Oni is recognized for originating client solutions, managing teams, and fostering talent. Her academic journey includes a degree in Economics from the University of Ibadan (1991), Executive Training at Oxford University (2016), and an MBA in Business Administration from Bangor University (2020).

Key Milestones in Oni’s Career

In 1994, Oni commenced her journey in the Prime Merchant Bank Treasury & Money Markets Group before joining Ecobank Nigeria as a Relationship Manager, contributing significantly to business growth. Joining Standard Chartered Bank  in 2005, her roles evolved from Senior Account Relationship Manager to Managing Director & Country Head of Commercial Banking in West Africa. Her strategic leadership focused on profitability, balance sheet optimization, and client engagement.

Before Union Bank, Oni served as the first female Managing Director and Chief Executive Officer at Standard Chartered Bank in Sierra Leone from January 2021.

Oni’s appointment signifies a pivotal moment in Union Bank’s leadership. With her extensive experience, she is poised to play a crucial role in navigating the bank’s strategic direction amidst regulatory challenges and the ongoing acquisition saga.

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