United Capital Plc has announced the appointment of Bunmi Akinremi as Deputy Chief Executive Officer and Managing Director of the Investment Banking Division.
According to a statement, Akinremi brings over 20 years’ investment banking and transaction experience to United Capital Plc.
He trained as an accountant with Grant Thornton in London, before joining the Royal Bank of Scotland’s Specialised Lending Unit, where he acted as lead Transaction Manager on a series of high profile transactions in the UK market.
“His Nigeria market experience, including time with the United Bank for Africa, has seen him play prominent roles in a number of landmark corporate restructures and fundraising,” the statement added.
He holds a First Degree in Economics from the University of Essex and is member of the Institute of Chartered Accountants in England and Wales. He also holds an MBA from Cranfield University, School of Management.
“ Akinremi’s appointment adds significant value to our management team in Nigeria and across sub-Saharan Africa where our business is growing rapidly even as we continue to originate and execute highly complex mandates within the Region. I look forward to working with Akinremi as we assist clients to seize opportunities which abound in markets across Africa,” stated the Group CEO of United Capital, Oluwatoyin Sanni said.
“His leadership and experience of working in international markets, deep understanding of corporate finance and public sector experience in Nigeria will be of great value. I also would like to thank Wale Shonibare for his contributions and to wish him the best in his future endeavours,” Sanni added.
After a successful 2015, in which United Capital generated gross income of N6.15 billion and profit before tax of N3.26 billion (up 32% and 41% respectively), the current financial year has also started strongly with first quarter profits up 59 per cent on corresponding period in 2015. One of the key highlights of the 2015 financial year was the successful close of a $250 million crude prepayment facility on behalf of Orion Group, Congo Brazzaville, an example of the Africa wide market coverage of United Capital.
“I am excited by the opportunity to join an incredible team of talented and entrepreneurial individuals and look forward to making my own contribution to the fulfillment of an inspiring Pan African vision,”Akinremi said.