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UBA Capital promises transparency

By on February 23, 2014

The management of UBA Capital Plc has given an assurance to market operators and investors that it will continue to uphold good corporate governance and transparency in its operations.

The Group Chief Executive Officer, UBA Capital, Oluwatoyin Sanni, said this on Thursday when she, in company with other members of the company’s management, visited the Nigerian Stock Exchange.

She said, “UBA Capital is leveraging on a formidable team of experts, and we are well-positioned to continue delivering world-class financial and investment services to our stakeholders.

“As a publicly-listed company on the NSE, our shareholders can be assured of high standards of disclosure and transparency, in addition to our superior performance in investment banking, trusteeship, asset management and securities.”

Sanni told operators and investors at the event that the group had developed strategies for accelerated growth and increased returns on investment this year.

As part of the plan, she said the group would unveil “a series of leading and industry shaping initiatives” aimed at redefining the financial services, delivering significant value to stakeholders and setting UBA Capital apart from its competitors in the coming weeks.

Also, the Chairman, UBA Capital, Chika Mordi, told operators that he was confident that the group would exceed expectations in 2014.

UBA Capital had announced the appointment of Sanni and Mordi, a veteran banker, as Group CEO in January.

The leadership of the company, which has investment banking, trusteeship, asset management and securities arms, was at the Exchange for the bell ringing ceremony.

“It has been a privilege for us to be honoured in this way by the NSE. Our ringing of the bell at the NSE today is clearly symbolic, because we intend to make great, resonant sounds throughout this year,” Mordi said of the visit.

The Chief Executive Officer, NSE, Mr. Oscar Onyema, was among those who were at the bell ringing ceremony.

Consolidating on its 78.4 per cent rally in 2013, UBA Capital shares have gained up to 23.7 per cent year-to-date. The company’s stocks had closed at N2.56 on Tuesday, its highest price since its listing on 11 January, 2013 at N1.16 per share.

 

 

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