Lagos CIBN elects Peter Ashade as chairman, others as new executives

The Chartered Institute of Bankers of Nigeria (CIBN) Lagos State Branch, has elected new executive members who will run the affairs of the flagship branch for the next two years.

Among the elected executives is the Group Chief Executive Officer (CEO), United Capital Plc, Peter Ashade, who emerged as the Chairman, CIBN Lagos state branch.

Another executive committee members include that was elected is Managing Director of Chen & Eleos Capital, Adeyemo Adeoye, who was elected as the first Vice Chairman of CIBN. Also, the Chief Executive Officer of NPF Microfinance Bank, Akinwunmi Lawal, will serve as the second Vice Chairman. Lawrence Jompe was also elected as the new Publicity Secretary.

A look at Peter Ashade’s professional career

Ashade is the Group CEO of United Capital Plc, a leading African investment banking group providing capital and financing solutions to African governments, companies, and individuals.

He is an astute investment banker and business leader with 29 years’ cognate experience in Nigeria’s capital market; 14 years as Chief Executive. He is a well-rounded capital market player having participated in various landmark capital market transactions across all segments of the market and a member of various policy-formulating capital market committees. He is reputed for transformational leadership and outstanding executional capabilities.

Prior to his appointment as the Group CEO of United CapitalAshade was Managing Director/CEO, Africa Prudential Plc (then UBA Registrars Limited). Ashade led the transformation of the business from a subsidiary of UBA Plc to the only listed investor services firm on the Nigerian Stock Exchange. More than 15000% growth in profitability was achieved within eight years. He championed disruptive innovation in the registrars’ business in Nigeria, pioneering many e-products and successfully achieved the business diversification of Africa Prudential Plc.

Ashaderecorded a number of landmark achievements at Africa Prudential Plc, including consistent growth in earnings and payment of dividends, and development of the first share registration portal in Nigeria in 2008. Under his leadership, the company also developed GreenPole, the first web-based core registrars operating software in 2016, and the first USSD based product in the Nigerian Capital Market in 2017.

Under his leadership, the company’s blue ocean strategy also produced some giant strides outside the Capital Market space. Africa Prudential ventured into the cooperative space and within a short while, the company developed EasyCoop Cooperative Manager, which is Nigeria’s first independent self-service portal for cooperative thrift and loans societies. This feat, coupled with the company’s growing reputation in deploying business support solutions resulted in the firm’s appointment as consultant development partners to the International Cooperative Alliance – Africa (Alliance Africa).

About CIBN

The Chartered Institute of Bankers of Nigeria is the umbrella professional body for bankers in Nigeria. The CIBN was incorporated in 1976 as the Nigerian Institute of Bankers. It was chartered in 1990, and is now covered by the CIBN Act 5 of 2007. The Institute is authorised to control entry into the banking profession, to set standards for bankers and to maintain professional ethics through sanctions of erring members.

Source: Nairametrics

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