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CapitalSage Holdings has revealed the selection of banker Nath Ude as the Group Chief Executive Officer of CapitalSage Technology Limited, the financial services division of the company.

According to a statement released by the group, the appointment will commence on October 13, 2025.

Ude brings over three decades of expertise spanning Africa, Asia, and Europe. He joined CapitalSage Technology following his role as Managing Director/CEO of Nova Merchant Bank. During his leadership, Nova achieved significant accomplishments, such as more than 100 per cent growth in pre-tax profit in 2022, three consecutive years without operational fraud, and the implementation of Africa’s first Infosys Finacle X1, enhancing its standing as a leader in innovation and operational quality.

Ude has previously served in high-level executive roles at Union Bank of Nigeria, First City Monument Bank, Standard Chartered Bank (South Africa), and Citibank, where he spearheaded enterprise innovation, process automation, and digital optimization efforts. With his new role, Ude will oversee the Group’s financial services operations, which consist of Kolomoni Microfinance Bank (operating in Nigeria and The Gambia), ERCAS, Regius Asset Management, Regius Capital, CreditAssist Investment, Tiki by Kolomoni, and SageBrush Wealth.

The group stated that appointing Ude would aid in its growth throughout Africa and further afield.

Commenting on the appointment, Opeyemi Oduwole, Chairman of CapitalSage Holdings, stated, “This appointment marks our next stage of development, characterized by increased innovation, improved execution, and expansion across Africa. Nath’s background in technology-driven change and strategic management will be essential in speeding up our growth plan and providing more value to our stakeholders. The Board is assured that he will guide CapitalSage Technology into its next phase as a vital force in Africa’s fintech progress.”

Upon his appointment, Ude stated, “Having spent more than three decades in banking and technology throughout Africa, Asia, and Europe, I have witnessed how innovation can reshape not only organizations but also entire economies. What inspires me the most about CapitalSage is its mission and the team behind it, a group dedicated to developing technology that does more than transfer funds—it changes lives. I am eager to collaborate with the team to expand our reach, enhance financial inclusion, and generate long-term value across Africa.”

Provided by SyndiGate Media Inc. (Syndigate.info).