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Michael Abiodun Thomas Announced as Managing Director/Chief Executive for United Capital Trustees

United Capital Trustees, a subsidiary of leading pan-African investment banking and financial services group, United Capital Group, is pleased to announce the appointment of Michael Abiodun Thomas as the new Managing Director/Chief Executive Officer. This appointment follows a rigorous approval process by the Securities and Exchange Commission (SEC).


Michael Abiodun Thomas brings nearly two decades of experience in trust services, legal compliance, and wealth management with a proven track record in managing large-scale trust transactions spanning public bonds, corporate debt issuance, estate planning, and securitization. In his new role, Michael will spearhead the overall business strategy, operations, and development of United Capital Trustees, steering the company towards continued growth and market leadership.


“We are delighted to welcome Michael Abiodun Thomas to our Group,” said Peter Ashade, Group CEO of United Capital Group. “His extensive expertise in the trust services industry, combined with his strong leadership and strategic vision, makes him the ideal candidate to take the company to new heights. We are confident that under his leadership, United Capital Trustees will continue to deliver exceptional value to our clients and contribute to the growth of Nigeria’s financial sector.”

Michael Abiodun Thomas

Prior to joining United Capital Trustees, Michael held several key leadership positions in the trust services industry, including Executive Director at ARM Trustees Ltd, a subsidiary of the ARM Group. His academic background includes a Master’s in International Business Law from Cumbria University, UK, and a Post-graduate Diploma in Law of Trust from Queen Mary University. He is an alumnus of the Lagos Business School Advanced Management Programme (AMP) and holds memberships in professional bodies such as the Nigerian Bar Association and the Association of Corporate and Individual Investment Advisers (CIIA). 


“I am honoured to take on the role of MD/Chief Executive at United Capital Trustees. This is the foremost and largest trustee service provider in Nigeria and I am incredibly humbled to lead this phase of the business. I look forward to building on its strong legacy of excellence for sustainable growth. In an era where technology and digitization are transforming the financial landscape, we will harness innovative digital solutions to enhance our trust services, and we commit to delivering superior client experiences and operational excellence.” 


United Capital Trustees is the market leader in the Trusteeship in Nigeria, and they are poised for continued success under the leadership of Abiodun Thomas, reinforcing its position as a trusted partner and market leader in the financial services industry. With a strategic focus on leveraging technology and innovation, the company aims to provide comprehensive trust solutions that meet the evolving needs of individuals, families, and organizations.

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JOSEPH ONYEMA

Head, Group Enterprise Performance Management
Joseph Onyema
Joseph is the Head, Group Enterprise Performance Management at United Capital Plc.
Over the last 16 years, Joseph has worked with and led teams whose responsibilities cut across a major spectrum of technology transformational and retail growth projects and consultancy. Joining the group in 2017, Joseph started out leading the technology team for 5+ years in the position of the Group, Chief Information Officer, a role in which his focus on execution to reposition the business was exemplary, hence leading to increased digital presence, retail growth and improved revenues, with keen focus on our growth during the COVID-19 pandemic where the business was run totally virtual and saw outstanding growth in customers, revenue and profitability.​
Leveraging on his education, performance, experience and spirit of execution, Joseph transitioned to the Group Head, Enterprise Performance Management, where he brings his analytical and technological prowess coupled with his background in managing teams and businesses to bare in monitoring and tracking business units and employees performances, while helping them to improve in their performance and ensuring the group continues to win in all its endeavours.
Before joining United Capital, Joseph headed the Group Technology Operations at Cordros Capital Limited where he transitioned the business from a High Net-worth Individual (HNI) focused business to retail-focused business with total leverage on technology to drive B2C sales across verticals while exploring new markets and partnerships. Prior to Cordros Capital, he had led the Enterprise & Cloud Services team at Soft Solutions Limited, an IT Consultancy firm with a footprint across 15 Nigerian banks on enterprise security, cloud projects, and consultancy where he developed, deployed, and led support teams to manage several financial and FMCG application suites.
A Tony Elumelu entrepreneur from 2016 before joining the group, and a member of the prestigious Beta Gamma Sigma international business honor society, continues to reinvent himself and deliver exceptionally to the United Capital family.