Tony Elumelu
22 March 1963 – present
Tony Elumelu is a Nigerian banker and investor who led the turnaround of Standard Trust Bank and its 2005 merger with United Bank for Africa. After leaving UBA's management he founded the investment company Heirs Holdings and the Tony Elumelu Foundation, through which he funds African entrepreneurs. He describes his approach to private investment in social development as Africapitalism.
Lived at the same time
Well-documented people whose lives overlapped with Tony Elumelu.
- Ada Yonath (1939–2026) Overlapped 63 years →
- Adonis (1930–present) Overlapped 63 years →
- Ai Weiwei (1957–present) Overlapped 63 years →
- Akira Yoshino (1948–present) Overlapped 63 years →
- Alex Ferguson (1941–present) Overlapped 63 years →
- Ali Khamenei (1939–2026) Overlapped 63 years →
Life events
He was born in Jos to a family originally from Onicha-Ukwu in what is now Delta State.
Source: en.wikipedia.orgHe took his first degree at the institution then known as Bendel State University in Ekpoma.
The distressed bank was recapitalised and relaunched as Standard Trust Bank with Elumelu as chief executive.
Source: en.wikipedia.orgThe combined institution became one of Nigeria's largest banks, with Elumelu as group managing director.
Source: en.wikipedia.orgHe left executive management of the bank at the end of his tenure and turned to private investment.
Source: en.wikipedia.orgThe investment company and the philanthropic foundation were both established after his exit from UBA.
Source: en.wikipedia.orgHeirs Holdings took a controlling interest in the conglomerate known as Transcorp.
Source: en.wikipedia.orgHe returned to the bank's board as non-executive chairman.
Source: en.wikipedia.orgThe foundation committed funding and training to thousands of start-ups across African countries.
Source: en.wikipedia.org