The Petron Group appoints Mrs. Uta Nkposong as Managing Director for Sub Saharan Africa
March 1st, 2017
US Private Equity Renewable Energy giant The Petron Group has appointed Mrs. Nkposong as managing director of the firm’s Sub-Saharan African regional office in Lagos, Nigeria. Previously Mrs. Nkposong was a Private Banker for the Wealthiest people in Nigeria.
Mrs. Nkposong held several positions in Equatorial Trust Bank, at various times as Regional Business Head and Head, Public Sector (West), Branch Manager; Senior Relationship Officer; Relationship Manager; Trade Finance Manager; Operations Manager and Marketing Officer.
She was also the Director of Investment and Private Equity for over five years at the Nigeria Agricultural and Co-operative Bank Ltd, and the former Director of Liaison/Account at ALRAINE (NIG) LTD for over ten years, and also Director of Nigerian Capital Development Fund.
Mrs. Nkposong holds B.Sc Economics, from the University of Ibadan where she later bagged an MBA in 1999. She is a member of the Institute of Chartered Accountants of Nigeria and also a member of the Chartered Institute of Bankers of Nigeria.
Steven S Yagi, Operating Partner of Petron Group, said, ‘We are delighted that Mrs. Uta Nkposong has agreed to join us. Her in-depth experience in the private equity sector aligned with her investment banking background in many complex structures will combine to create a very powerful team with Isaac Udotong, the head of our Lagos office, as we invest the $1.6bn we have allocated for Africa.”
Isaac Udotong added: ” Mrs. Uta Nkposong expertise in structuring complex, cross-border transactions, and her experience in the Agriculture and Real Estate sector, will all be of immense value in undertaking investments in Africa, and in realizing synergies across our global Platform and African portfolio companies.’
Petron Group of Companies has offices in Pennsylvania, Lagos, Sao Paulo, Mauritius, New York, and Mumbai, Earlier this month the Group appointed Anil Kumar Singh as a senior Vice President to its Private Equity South Asia Group. In addition to private equity investing, Petron Group core businesses are private real assets, Renewable energy, Information Technology, Debt, Infrastructure, and Oil and Gas.
ABOUT PETRON GROUP
THE PETRON GROUP is a global private equity firm that invests in private equity, debt, infrastructure, and renewable resources globally. The firm manages a broad range of investment programs for institutional investors such as family offices, endowments, pensions, funds of funds, ultra high net worth investors, and large companies who want direct exposure to private markets assets.
Petron Group is headquartered in Harrisburg, Pa., and has been one of the leading providers of institutional capital for the global energy industry. The firm’s deep sector expertise and internal technical capabilities allow Petron Group to engineer creative solutions for any complex situations.
The firm was founded by Isaac Udotong, our Managing Partner, who accumulated Millions during the African IT Boom when he founded Isatong Inc. in 1980. Isatong later acquired Petron Energy LLC from PEPCO Holdings Inc NYSE: (POM) in 2010.
In 2015 Petron Group opened the doors in the Harrisburg Office with a team of six professionals, and an investment from the Udotong Family. As of February 2017, Petron Group is a Private Equity firm with top industry talents managing more than $2.2 Billion in assets, with 5 Regional offices worldwide.
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