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    MarketForces Africa » MarketForces News » United Capital Trustees Appoints Thomas as MD/CEO
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    United Capital Trustees Appoints Thomas as MD/CEO

    Julius AlagbeBy Julius AlagbeSeptember 4, 2024No Comments3 Mins Read
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    United Capital Trustees Appoints Thomas as MD/CEO
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    United Capital Trustees Appoints Thomas as MD/CEO

    United Capital Trustees, a subsidiary of United Capital Group, has appointed Mr Michael Thomas as its new Managing Director/Chief Executive Officer (CEO).

    Mr Peter Ashade, Group CEO, United Capital Group, announced this in a statement made available on Tuesday in Lagos.

    Ashade said the appointment followed a rigorous approval process by the Securities and Exchange Commission (SEC).

    He said Thomas, in his new role, would spearhead the overall business strategy, operations, and development of United Capital Trustees, steering the company towards continued growth and market leadership.

    According to him, 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.

    This, Ashade said, spans public bonds, corporate debt issuance, estate planning and securitisation.

    “We are delighted to welcome Thomas to our group.

    “His extensive expertise in the trust services industry combined with his strong leadership and strategic vision, make 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,” Ashade said.

    Prior to joining United Capital Trustees, Thomas had held several key leadership positions in the trust services industry, such as Executive Director at ARM Trustees Ltd.

    He bagged a Master’s in International Business Law from Cumbria University, United Kingdom, and a post-graduate Diploma in Law of Trust from Queen Mary University.

    Thomas is an alumnus of the Lagos Business School Advanced Management Programme (AMP).

    He holds memberships in professional bodies such as the Nigerian Bar Association (NBA) and the Association of Corporate and Individual Investment Advisers (CIIA).

    Reacting on his appointment, Thomas said he was incredibly humbled to lead this phase of the business of one of the  foremost and largest trustee service provider in Nigeria.

    He stated that with a strategic focus on leveraging technology and innovation, the company aimed at providing comprehensive trust solutions that meet the evolving needs of individuals, families and organisations.

    “I am honoured to take on the role of MD/CEO at United Capital Trustees and look forward to building on its strong legacy of excellence for sustainable growth.

    “In an era where technology and digitisation are transforming the financial landscape, we will harness innovative digital solutions to enhance our trust services.

    “We will also commit to delivering superior client experiences and operational excellence,” he said.

    United Capital Trustees is a provider of trust services in Nigeria, offering suites of solutions to cater to various client needs with expertise across Private Trust, Corporate Trust, Public Trust and Private Investment Trusts. #United Capital Trustees Appoints Thomas as MD/CEO

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    Julius Alagbe
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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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