UBN Appoints four new Directors as three others resign

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 Tuesday, August 18/2015, 02:30 PM /NSE

Union Bank of Nigeria Plc notifies of the resignation of the following Directors from its Board:

  • Mr. Douglas Munatsi,
  • Chief Dickie Ulu and
  • Mr. Saidu Mohammed-Jallo.

According to the Bank, Mr. Douglas Munatsi, who was a representative of ADC Enterprises (a member of the UGPL Consortium), resigned following the acquisition of ADC by Atlas Mara Ltd.

Mr. Dickie Ulu and Mr. Saidu Mohammed-Jallo also resigned following AMCONs selling off its stake in the Bank to Atlas Mara Ltd.

The effective date for these resignations was 24 February 2015.

The Bank appointed four (4) new Directors effective 24 February 2015 which the Central Bank of Nigeria has approved. They are:

  •          Ms Arina McDonald
  •          Mrs Beatrice A. Hamza-Bassey
  •          Mr. John Vitalo
  •          Mr. Adekunle Sonola 


Ms Arina McDonald: 
Ms McDonald is a South African by nationality and a professional banker with diverse skills and experience in both South Africa and internationally. 

After qualifying as a Chartered Accountant in South Africa and completion of 3-years traineeship at Coopers and Lybrand

Ms McDonald joined the London office of PricewaterhouseCoopers in 1999.

In 2007 Ms McDonald joined the Standard Bank Group’s M&A function and lead acquisition activities relating to its Group itself (as opposed to client acquisition advisory work).  

She became the CFO for the Standard Bank Group’s African Businesses in October 2014. 

She took up the position of Head of Group Central Finance in January 2015 reporting to the Group CFO.  

Arina McDonald is currently the CFO of Atlas Mara Limited, a new banking group co-founded by Bob Diamond and Ashish Thakkar a premier financial services institution in sub-Sahara Africa.  

Beatrice A. Hamza Bassey 
Ms Hamza Bassey is a Fellow of the prestigious David Rockefeller, Fellows Program of the Partnership for the City of New York, a highly selective program that engages outstanding leaders in all business sectors to expand their influence and contributions in civic affairs and shaping the future of New York City.

She serves www.nse.com.ng on the Anti-Corruption and Litigation Committees of the International Bar Association. 

She a member of the Nigerian Bar Association and the American Bar Association among others. 

She is presently the General Counsel and Chief Compliance Officer at Atlas Mara Limited and has extensive experience in matters pertaining to corporate governance and financial institutions.   

Mr John Vitalo 
John Vitalo was the Managing Director with Barclays Capital, London from January 2003 to July 2005, and the Chief Operating Officer for the division of Barclays Capital encompassing Fixed Income, Foreign Exchange, Communities, Money Markets & Portfolio; Equity-Linked; Emerging Markets; Collateralised Finance, reporting to the Head of Rates. 

From May 2009 to July 2014, he was the Chief Executive Officer, Middle East & North Africa of Barclays Plc, Dubai, United Arab Emirates where he provided in-region leadership, governance, oversight and mentorship to all aspects of Barclays’ business presence in the region.  

He is presently the Chief Executive Officer of Atlas Mara Co-Nvest Ltd, a company listed on the London Stock Exchange. 
Mr. Adekunle Bankole Sonola
An experienced professional with over 24 years’ experience in market leading local and international banks, Mr. Sonola holds a Bachelor of Arts degree in English Language from Ogun State University (1986) and also has L.LB (Hons) from Obafemi Awolowo University IIe Ife, (1990). 

He is also an M.B.A. graduate of Durham University Business School Durham, United Kingdom (1999). 

His professional career spanned Mutual Trust Savings & Loans Ltd (1990 to 1995); Eco International Bank Plc (EIB) now Skye Bank Plc (1995 - 1996); Magnum Trust Bank Plc (Now Sterling Bank Plc) – 1996 and Ecobank Nigeria Plc (2000). 

He also worked with Guaranty Trust Bank Plc (2006); Stanbic IBTC Bank (2006 to 2012), and re-joined the Guaranty Trust Bank Plc in November 2012 as Divisional Head, Corporate Banking, Mainland.  

Mr. Adekunle Sonola is currently the Managing Director, Guaranty Trust Bank, East Africa.

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