In a recent shakeup in the banking sector, the Central Bank of Nigeria (CBN) dissolved the Boards and Management of three major banks – Union Bank, Keystone Bank, and Polaris Bank.
As a result, Yetunde Oni emerged as the new Managing Director/Chief Operating Officer of Union Bank plc, succeeding Mudassir Amray.
Appointment Announcement
The news of Yetunde Oni’s appointment was conveyed through a circular dated January 10, 2024, by Sidi-Ali Hakama, the acting director of Corporate Communication at the CBN.
Background of Yetunde Oni
Yetunde Oni brings to Union Bank a rich career spanning 25 years, marked by tenacious leadership, complex decision-making, and talent development. 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).
Career and Experiences
Yetunde Oni’s professional journey showcases a commendable evolution:
Prime Merchant Bank and Ecobank Nigeria (1994 – 2005)
- Started with Prime Merchant Bank Treasury & Money Markets Group.
- Joined Ecobank Nigeria as a Relationship Manager.
- Contributed significantly to business growth and strategy revalidation.
Standard Chartered Bank Nigeria (2005 – 2014)
- Joined as Senior Account Relationship Manager in the Local Corporations segment.
- Appointed Head of Local Corporates in May 2010, focusing on building a robust franchise.
- Became Managing Director & Country Head of Commercial Banking in West Africa by 2014.
- Pioneered the growth strategy, managed key relationships, and ensured compliance.
Standard Chartered Bank Sierra Leone (Jan 2021 – Present)
- First female Managing Director and Chief Executive Officer.
- Led the bank through strategic and tactical issues, emphasizing profitability and compliance.
Academic Background
- Bachelor’s degree in Economics from the University of Ibadan (1991).
- Executive Training at Oxford University (2016).
- MBA in Business Administration from Bangor University (2020).
