The Board of Directors of Union Bank of Nigeria Plc has announced the appointment of Senator Udoma Udoma as a non-executive director in the bank. Besides Senator Udoma, Mrs. Oyinkan Adewale and Mr. James Macathur also joined the board both as executive and non-executive directors respectively.
Adewale however is the new executive director and chief financial officer of the bank. She graduated from University of Ibadan with B.A. French in 1980. She enrolled for ICAN Articleship with Coopers and Lybrand in 1981 and qualified as a Chartered Accountant in 1984.
She joined Citibank Nigeria in 1989 as Deputy Financial Controller and was at various times Financial Controller, Assistant General Manager, Deputy General Manager, and in 2001 she was appointed General Manager (Citigroup). In 2003 she set up OA Financial Consulting and became the Chief Executive and Founder, specialising in consultancy services in financial control systems and training and later in June 2004 founded SIAO Chartered Accountant and became founding partner.
Udoma is currently a Senior Partner and Head of Udo Udoma and Bello-Osagie, a corporate law firm, established by him in 1983. A lawyer by training, he is also a seasoned politician and accomplished legal consultant with legal expertise in company law, securities law and capital market.
He holds BA and MA degrees from Oxford University and is a graduate of the Nigerian Law School. As a two term Senator of the Federal Republic 1999 - 2007, he served as Chief Whip and Leader, South-South Caucus of the Senate; Vice Chairman, Senate Foreign Affairs Committee; Chairman, Senate Appropriate Committee. Senator Udoma had at various times, served on the board of several companies. He is currently Chairman of UAC of Nigeria Plc, Vice Chairman of Linkage Assurance Plc, and Director of Unilever Nigeria Plc.
Macarthur graduated from University of Nottingham, UK in 2001 with MEng (Hons.) in Chemical Engineering. Between 2002 and 2006, he worked with Ernst & Young LLP as Investment Management Audi, Assurance & Advisory Services.
In 2007, he was moved to Mergers and Acquisitions, European Financial Services Group of the firm. He acted as financial advisor on a range of mid-market financial services transactions including acquisitions, disposals, fund raising and strategic reviews. From June 2008 to date, he has been working as Head of Investments at Richard Chandler Corporation, Singapore.