Contents
Tony Elumelu
Building pan-African banking businesses and funding African entrepreneurs through his foundation.
UBA merger · Heirs Holdings
- Born
- 22 March 1963
- Birthplace
- Jos, Nigeria
More people
Tony Elumelu
Nigerian banker and investor who led Standard Trust Bank and its merger with United Bank for Africa. He later built an investment group and a foundation focused on entrepreneurship across Africa.
Early life
Nigerian upbringing
Born in Jos and raised in a family with roots in Delta State.
Economics education
Studied at Ambrose Alli University and earned a master’s degree at the University of Lagos.
Career
- 1980s
Early work
Worked in sales and banking after university and national service.
- 1997
Bank turnaround
Led investors taking over the bank that became Standard Trust Bank.
- 2005–2010
UBA leadership
Led United Bank for Africa after its merger with Standard Trust.
- 2010
Investment and philanthropy
Established Heirs Holdings and the Tony Elumelu Foundation.
Companies & projects
UBA merger
Combined Standard Trust and UBA, followed by expansion across Africa.
Heirs Holdings
An investment company with interests spanning financial services, energy and other sectors.
Entrepreneurship programme
Launched a foundation programme combining training, mentoring and seed funding.
Beyond work
Africapitalism
Advocates long-term private investment as a means of supporting African development.
Foundation work
Established the foundation with his wife Awele, a physician and business leader.
Sources & photo credit
Life, career and references ↗Institutional biography and research ↗Photo: U.S. Department of State from United States. Public domain · Original image. Cropped and displayed in monochrome.
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