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Home Business News

Union Bank announces retirement of a Director

Damilare Famuyiwa by Damilare Famuyiwa
September 19, 2019
in Business News, Company News
Union Bank 

Union Bank's Group CEO, Emeka Emuwa

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Union Bank of Nigeria Plc has announced the retirement of Dick Kramer as the company’s Non-Executive Director. In a statement by Union Bank’s Company Secretary, Somuyiwa Sonubi, the lender disclosed that Kramer’s retirement took effect from Monday, September 16, 2019. 

What you should know: Dick Kramer joined the Board of Directors of Union Bank as a Non-Executive Director in 2012. He is the Chairman of African Capital Alliance, an organization that has pioneered the management of private equity investments in high potential sectors of the Nigerian economy. 

READ MORE: Union Bank responds to EFCC allegations

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As a trained accountant, he earned an MBA from Harvard Business School prior to joining Arthur Andersen in 1958 where he worked in all areas of the firm’s practice in the USA, Latin America, Middle East, Europe, India as well as Africa. He became the founding Managing Partner of the firm in Nigeria in 1978. 

In 1994, Dick remained in Nigeria to consult, invest and continue community service activities. He is a member of the Lagos Business School Advisory Board and the American Business Council. 

Dick’s achievements include – He is a Recipient, Officer of the Order of the Federal Republic (OFR), Founder and first Vice Chairman, Nigeria Economic Summit Group, President, Harvard Business School Association of Nigeria (HBSAN), Head, Technical Team and Member of Vision 2010 Committee, and a recipient of Zik Prize in Leadership. 

About the lender: Union Bank was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients. 

READ ALSO: MTN Nigeria gets new Chairman as Pascal Dozie steps down

With a laudable geographical network comprising more than 300 service centres and over 950+ ATMs spread across Nigeria, the lender has been serving customers and bank users across the country nearly a century now. 

Meanwhile, Union Bank Nigeria Plc last traded its shares on the Nigerian Stock Exchange (NSE) at N7.


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Tags: Dick KramerUnion Bank Nigeria Plc
Damilare Famuyiwa

Damilare Famuyiwa

Famuyiwa Damilare is a trained journalist. He holds a Higher National Diploma (HND) in Mass Communication at the prestigious Nigerian Institute of Journalism (NIJ). Damilare is an innovative and transformational leader with broad-based expertise in journalism and media practice at large. He has explored his proven ability in the areas of reporting, curating and generating contents, creatively establishing social media engagements, and mobile editing of videos. It is safe to say he’s a multimedia journalist.

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