Union Bank of Nigeria Plc has announced that the Central Bank of Nigeria (CBN) has confirmed the appointment of Mrs. Beatrice Hamza Bassey as the substantive Chair of the Board of Directors and the Bank.
Mrs. Hamza Bassey joined the Board of Union Bank in 2015 as a Non-Executive Director and was appointed Acting Board Chair in December 2019, after the demise of Mr. Cyril Odu, the immediate past Chairman.
Commenting on her appointment, Mrs. Hamza Bassey said “I am delighted to lead the Board as we drive Union Bank’s growth strategy and entrench its position as a leading financial institution in Nigeria. As we move ahead, our focus remains to deliver greater value to our customers, shareholders, and all stakeholders.”
A reputable lawyer with extensive experience in corporate governance and financial institutions, Mrs. Hamza Bassey is an authority in compliance and represents clients globally in compliance and anti-corruption matters.
Currently, she is the General Counsel and Chief Compliance Officer at Atlas Mara Limited, a publicly listed financial services company that operates banks in various parts of Africa. A lawyer of great repute with extensive experience in corporate governance and financial institutions, she is an authority in compliance and represents clients globally in compliance and anti-corruption matters.
In addition to overseeing compliance, corporate governance and legal affairs across all its subsidiaries, Mrs. Hamza Bassey has led Atlas Mara’s acquisition and integration of the nine banks it has acquired to date as well as several strategic initiatives. Through her current service on the boards and board committees of public companies, Mrs. Hamza Bassey has garnered in-depth knowledge of corporate governance best practices and trends.
Prior to the afore-mentioned, Mrs. Hamza Bassey was a Senior Partner in the New York offices of Hughes Hubbard &Reed LLP, a premier Wall Street law firm where she was a member the Executive Committee. During her almost two decades at Hughes Hubbard, Mrs. Hamza Bassey represented a roster of U.S. and international financial institutions and other corporations in a wide range of industries on issues along the full spectrum of compliance.
She holds an LL. B in Law from University of Maiduguri, Nigeria, a BL in Law from the Nigerian Law School and an LL.M from Harvard Law School. She was called to the Nigerian Bar in 1995 and the New York Bar in 1999. She is a Fellow of the prestigious David Rockefeller Fellows Program of the Partnership for New York City.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.
In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.
The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.