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Peter Ashade, Group CEO, United Capital Group, Honoured at BusinessDay Top CEOs Award

The Group CEO of United Capital Group, Peter Ashade, was honoured as one of Nigeria’s Top CEOs at the prestigious BusinessDay Top CEOs Awards, held on Saturday, September 28, 2024, at the Balmoral Hall, Federal Palace Hotel, Victoria Island, Lagos.


The award, which recognises exemplary leadership in business, celebrates CEOs who have shown remarkable financial resilience, market expansion, and operational excellence, while fostering innovation and a strong commitment to corporate social responsibility. Peter Ashade’s leadership at United Capital Group has excelled across these criteria, earning him this esteemed recognition.

Peter Ashade

Widely known as a transformation specialist, Ashade has driven hyper-growth and inspired organizational change since becoming Group CEO in 2018. Under his leadership, United Capital’s revenue has surged by over 400%, profitability has grown by 180%, and shareholders’ funds has increased by 473%. Notably, the Group’s Funds Under Management soared by 1,353%, from ₦75.68 billion in 2018 to ₦1.10 trillion by December 2023. Through his visionary leadership, United Capital expanded from four subsidiaries to seven profitable businesses, with regional offices across Nigeria and West Africa. His vision has firmly positioned United Capital Group as a key player in Africa’s financial services industry.


In his acceptance speech, Peter Ashade expressed his gratitude “I am deeply humbled to receive this prestigious award. It is a testament to the unwavering trust and support of the remarkable team at United Capital Group. Their commitment to excellence has made my role as a leader both fulfilling and impactful. I remain steadfast in my dedication to this extraordinary team, our valued clients, and shareholders. Together, we will continue to champion innovative financial solutions that empower individuals and businesses and drive economic growth across Africa.”


This recognition adds to a growing list of accolades for United Capital Group. Earlier this year, the company was ranked one of Africa’s fastest-growing companies by The Financial Times, for the third consecutive year.


As the year progresses, the Group looks forward to further enhancing value for its stakeholders and maintaining its leadership in the African financial landscape.

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.