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#BTOpinion: The values associated with Wee, such as honour, enterprise, unity and commitment, may be his greatest legacy – more than his business achievements and the wealth he leaves behind. Get tips to navigate the HDB, private home and commercial property markets. Join the BT Property Outlook 2024 Seminar on Feb 24. Sign up at http://bt.sg/btproperty24 #wealthmanagement #singaporeproperty

How Tony Elumelu Pulled Off the UBA Acquisition: The Story of Grit, Strategy, and Vision 🏦💼 In the early 2000s, the Nigerian banking landscape was on the brink of transformation. Consolidations were on the rise, and new opportunities emerged for ambitious leaders to reshape the sector. This was when Tony Elumelu, a young, strategic, and visionary banker, made one of the boldest moves in Nigerian banking history: acquiring United Bank for Africa (UBA). But how did he do it? How did a young banker, leading a relatively smaller institution, acquire a bank as established and prestigious as UBA? 🤔💡 🔍 The Background: Building a Foundation Before the UBA acquisition, Tony Elumelu was at the helm of Standard Trust Bank (STB), which he had led to phenomenal growth. Within a few short years, STB had expanded its assets, customer base, and branch network, becoming one of the most profitable banks in Nigeria. This success wasn’t by accident. Elumelu was renowned for his aggressive business strategies, focus on customer satisfaction, and innovative services. However, STB was still considered a small player compared to the giants of the industry. 🤝 The Encounter with Hakeem Bello-Osagie The opportunity came when Hakeem Bello-Osagie, a Harvard-trained businessman and then-chairman of UBA, faced financial challenges that led to regulatory intervention in UBA’s operations. The bank needed fresh capital and a new strategic direction. Elumelu seized the moment. Through a series of private negotiations and a strong pitch, Elumelu convinced Bello-Osagie that merging UBA with STB would be mutually beneficial. Bello-Osagie, recognizing Elumelu’s track record and vision, agreed to sell his majority stake in UBA to Elumelu and his team at Standard Trust Bank. 🎯 The Strategy: Seizing the Moment Elumelu didn’t just rely on words; he came with a solid strategy. He highlighted how combining UBA’s history, network, and brand strength with STB’s profitability, innovation, and agility could create a powerhouse in African banking. With confidence, Elumelu and his team raised the necessary funds and secured regulatory approvals for what would become one of the most significant mergers in Nigerian banking history. The acquisition allowed STB to effectively take over UBA, but it was positioned as a merger to present a united front and leverage both brands’ strengths. #Leadership #BusinessStrategy #TonyElumelu #UBA #AfricanBanking #Entrepreneurship #BusinessGrowth #VisionaryLeadership

Huge congratulations to both Natalie Irvine, who won the Global Female Private Banker award for the second year in a row, and Sally Auld GAICD, who took home the award for Outstanding Achievement by a Chief Investment Officer! 👏 This is a testament to the incredible talent and dedication of these women in the private banking sector. What are some of the key qualities you think make for an outstanding private banker or CIO? #privatebanking #wealthmanagement #nabprivatewealth #jbwere

Fani Titi ,leadership of excellence. Investec Group, led by South African executive Fani Titi, reports a record profit of $1.21 billion for 2024, showing a 14.33% increase from the previous year. The strong financial results were driven by a 4.98% rise in revenue, reaching $2.65 billion, amidst challenging economic conditions. Fani Titi credits strategic initiatives and disciplined execution for this impressive performance and continued value delivery to shareholders. Investec's annual report highlights robust growth across its operating segments, with client acquisition strategies contributing to the overall success. Interest income rose by 29.39% to $5.21 billion in 2024. Operating income grew by 42.80% to $2.59 billion, with operating profit reaching $1.1 billion. Earnings attributable to shareholders surged by 16.92% to $1.19 billion, showcasing the group's commitment to sustained growth. Fani Titi, Group CEO, emphasized that the performance underscores the strength and resilience of Investec's diversified business model. His leadership and significant stake in the company reflect confidence in its growth potential, solidifying his position as one of South Africa's top executives. #InvestecGroup #FinancialResults #RecordProfit #FaniTiti #Banking #WealthManagement

Mary Wangari Wamae: Navigating the C-suite Mary Wangari is one of the prominent figures who have shaped the success of Equity Bank Limited Group Holdings. As she takes her retirement after 20 years of making big decisions in Kenya's biggest Bank as an Executive Director, heresay had it that she was being groomed to take over as the Bank's Chief Executive Officer. She confirms that she was in the bench, among other executives to take over. She Chats about navigating the banking industry as she charts her way to the Future. Tip: - Succession is not about an individual. - Women leaders eyeing the c-suite should go for it. - Excelling in corporate governance requires commitment. Watch my interview below 👇 https://lnkd.in/gcDCYEhA

Ferdinand (Fred) Viaud, Chairman of the FMS National Board of Directors and President & CEO of Ascendia Bank, shared with us an impactful piece of advice that he keeps in mind every day as a leader - to pause and process stressful situations before reacting. For more wisdom, check out our advice column & learn how you can join the conversation within our widespread membership community: https://bit.ly/3v8Cfhs #FMS #advice #tipsforsuccess #financeindustry #professionaldevelopment #resources

Strong Financial Leadership at Karura Community SACCO I'm proud to share the success of Karura Community SACCO, where I serve as treasurer. Leading the Way in Growth: Double-digit growth for 6 consecutive years: This consistent financial performance is a testament to our strategic planning and responsible management. Membership surge: A 43% increase in members (to 3,651) reflects the growing trust and confidence placed in our SACCO as a reliable financial partner. Financial Highlights (2023): Total Assets: Up 52% to Kshs. 257,365,489, driven by a surge in member deposits (55%) and investments (75%). Revenue: Increased by 60% to Kshs. 38,738,818, fueled by a 61% rise in total interest income. Core Capital: Grew by 49% to Kshs. 24,187,563, exceeding regulatory requirements and demonstrating financial strength. Dividend & Interest: Proposed a 13% dividend rate on member share capital and 8% interest on member deposits. Ensuring Stability & Sustainability: Reduced reliance on external borrowing by 26%. Maintained a healthy expense-to-revenue ratio of 38.71%. Capital Adequacy Ratio & Liquidity Ratio both exceeded regulatory benchmarks. 75% growth in the investment portfolio demonstrates our commitment to diversifying income streams. Recognition & Appreciation: We are honored by the praise received from Mr. Michael Githinji, Westlands Sub-County Cooperatives Officer, who commended our growth and encouraged continued success. Adding to the achievements, it's noteworthy that Karura Community SACCO has secured the top position for the past two financial years (2021 & 2022): Position 1: Most improved non-deposit taking SACCO Position 1: Most improved SACCO countrywide This remarkable achievement is a collective effort by the board, management, and our dedicated members. We remain committed to providing exceptional financial services and fostering a strong, sustainable future for Karura Community SACCO. #financialliteracy #leadership #cooperative #growth #community Ali Hussein Kassim Amb. Maryben Omollo Anna L De Bacci Christian Fu Müller Elphas Saizi Humphrey Mulinge Muindi (PhD) Mulinge Sylvia M.B.S Governor Susan Kihika Darshan Chandaria KKCO East Africa LLP Ronald Osumba, Tutu Fellow Ronalds LLP MFK Recruitment Lucy Wanyika Hallmark Recruitment Linus Gitahi Coach Kelvin Waga Kevin Otiende Sophie Mbugua GrowCFO Boston Consulting Group (BCG) McKinsey Africa

Pastor Ibukun Awosika, a Nigerian businesswoman, the former chairperson of First Bank and the Founder/CEO of The Chair Centre, said integrity should be the core value of not just your life but your business. ... #BusinessPurpose #DecisionQuality #BeyondProfit #InnovationMatters #ValueSystems #IntegrityInBusiness #BusinessSuccess #DailyDecisions #QualityOutput #BusinessMindset

𝗟𝗲𝗮𝗱𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝗯𝗿𝗮𝗻𝗱𝘀 𝗰𝗼𝗺𝗺𝗲𝗻𝗱𝗲𝗱 𝗳𝗼𝗿 𝗳𝗼𝘀𝘁𝗲𝗿𝗶𝗻𝗴 𝗶𝗻𝗰𝗹𝘂𝘀𝗶𝘃𝗶𝘁𝘆, 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 If you are keen for a quick update on the ongoing transformation efforts at South Africa’s leading financial institutions, then you will find insightful comments in the Financial Sector Transformation Council (FSTC) ‘Winter Edition’ update.   This two-pager shines the spotlight on steps taken by financial institutions to foster a collaborative and inclusive economy – an approach the Financial Intermediaries Association of Southern Africa (FIA) encourages across its financial intermediary member base.   The FSTC recognises the country’s Broad-Based Black Economic Empowerment (BBBEE) Act and Sector Charters – notably the Financial Sector Charter – as pivotal in promoting equity and inclusion, with its latest newsletter offering brief comment on developments at brands like: Absa Group, Africanbank, Alexforbes, Momentum Group Limited, Nedbank, Ninety One, Old Mutual South Africa, Sanlam. The FSTC closed its communication by congratulating SA’s financial services sector for progress made to date: “We commend the sector for its collective efforts towards realising transformation goals”. The FIA echoes this commendation and stands ready to guide our members on the road ahead. Read more: https://lnkd.in/dgA6mPJv #Inclusivity #EconomicEmpowerment #FinancialServices #EconomicTransformation #SocialChange

A great legacy of a Singapore business, Mr. Wee Cho Yaw, former chairman and CEO of UOB A visionary banker and celebrated businessman, he played a pivotal role in shaping UOB into a leading bank in Asia. Mr. Wee's legacy extends beyond business acumen; it's a profound lesson for the younger generation. The values of honor, enterprise, unity, and commitment that he embodied are timeless lessons: Thorough Thinking for the Long Term: Mr. Wee's emphasis on thorough thinking for the long term teaches us the importance of strategic planning and foresight in both personal and professional endeavors. Importance of Deep Relationships: His focus on deep relationships highlights the significance of genuine connections. Building strong and meaningful relationships fosters trust and collaboration, essential elements for success. Doing the Right Thing: Mr. Wee's commitment to doing the right thing serves as a moral compass. This value underscores the importance of ethical conduct and integrity in all aspects of life. Giving a Helping Hand: His dedication to helping those in need reflects the principle of giving back to the community. Learning from Mr. Wee, the younger generation can appreciate the impact of philanthropy and social responsibility. Leadership by Example: As the youngest director on the board at the age of 28, Mr. Wee's journey serves as an inspiring example of leadership at a young age. It encourages aspiring leaders to pursue their goals with dedication and determination. In remembering Mr. Wee Cho Yaw, let's carry forward these valuable lessons and continue to embody the principles of honor, enterprise, unity, and commitment. My heartfelt condolences to the Wee family and the UOB community. 🕊️🙏 #WeeChoYaw #UOB #Legacy #LeadershipLessons"