Peter Ashade is the Group CEO of United Capital Plc, a leading African investment banking group providing capital and financing solutions to African governments, companies, and individuals. The Group comprises of the following business divisions: Investment Banking, Asset Management, Securities Trading, and Trustee Services.
Peter is an astute investment banker and business leader with 29 years’ cognate experience in Nigeria’s capital market; 14 years as Chief Executive. He is a well-rounded capital market player having participated in various landmark capital market transactions across all segments of the market and a member of various policy-formulating capital market committees. He is reputed for transformational leadership and outstanding executional capabilities.
Prior to his appointment as the Group CEO of United Capital, Peter was Managing Director/CEO, Africa Prudential Plc (then UBA Registrars Limited). Peter led the transformation of the business from a subsidiary of UBA Plc to the only listed investor services firm on the Nigerian Stock Exchange. More than 15000% growth in profitability was achieved within eight years. He championed disruptive innovation in the registrars’ business in Nigeria, pioneering many e-products and successfully achieved the business diversification of Africa Prudential Plc.
Peter recorded a number of landmark achievements at Africa Prudential Plc, including consistent growth in earnings and payment of dividends, and development of the first share registration portal in Nigeria in 2008. Under his leadership, the company also developed GreenPole, the first web-based core registrars operating software in 2016, and the first USSD based product in the Nigerian Capital Market in 2017.
Under his leadership, the company’s blue ocean strategy also produced some giant strides outside the Capital Market space. Africa Prudential ventured into the cooperative space and within a short while, the company developed EasyCoop Cooperative Manager, which is Nigeria’s first independent self-service portal for cooperative thrift and loans societies. This feat, coupled with the company’s growing reputation in deploying business support solutions resulted in the firm’s appointment as consultant development partners to the International Cooperative Alliance – Africa (Alliance Africa).
Among many other achievements, Peter is a two-time recipient of the Business Day Top 25 CEOs Awards (2014, and 2018). Other awards won by the company include International Quality Crown Award (London, 2013), Best Profit Margin Ratio Company – PEARL Awards 2015, Best Corporate Governance Company in Nigeria – PEARL Award 2015, and Best Registrar Firm in West Africa Award at the 2017 West Africa Innovation and Excellence Awards by the Africa-Canada Trade Alliance.
Peter has diverse academic and professional background:
•Bsc, Banking and Finance
•Fellow, Institute of Chartered Accountants of Nigeria
•Fellow, Chartered Institute of Bankers
•Fellow, Institute of Capital Market Registrars
•Associate, Chartered Institute of Taxation of Nigeria
•Associate, Institute of Directors
He is an alumnus of the prestigious Lagos Business School (CEP23, LBS).
He is currently:
•Treasurer, Institute of Capital Market Registrars (ICMR)
•1st Vice Chairman, Chartered Institute of Bankers of Nigeria (CIBN), Lagos State Branch.