CapitalSage Holdings has announced the appointment of banker Nath Ude as the Group Chief Executive Officer of CapitalSage Technology Limited, the financial services arm of the corporation.
In a statement from the group, it was revealed that the appointment takes effect from October 13, 2025.
Ude has more than three decades of experience across Africa, Asia, and Europe. He joined CapitalSage Technology after his tenure as Managing Director/CEO of Nova Merchant Bank. Under his leadership, Nova recorded major milestones, including over 100 per cent growth in profit before tax in 2022, zero operational fraud for three years, and the deployment of Africa’s first Infosys Finacle X1, reinforcing its reputation for innovation and operational excellence.
Ude previously held senior executive positions at Union Bank of Nigeria, First City Monument Bank, Standard Chartered Bank (South Africa), and Citibank, where he drove enterprise innovation, process automation, and digital optimisation initiatives. With his appointment, Ude will lead the Group’s financial services businesses, which include Kolomoni Microfinance Bank (Nigeria and The Gambia), ERCAS, Regius Asset Management, Regius Capital, CreditAssist Investment, Tiki by Kolomoni, and SageBrush Wealth.
The group added that the appointment of Ude would help drive its expansion across the African continent and beyond.
Speaking on the appointment, Chairman of CapitalSage Holdings, Opeyemi Oduwole, said, “This appointment signals our next phase of growth, one defined by deeper innovation, stronger execution, and pan-African expansion. Nath’s experience in technology-led transformation and strategic governance will play a critical role in accelerating our growth strategy and delivering greater value to stakeholders. The Board is confident that he will lead CapitalSage Technology into its next chapter as a key enabler of Africa’s fintech evolution.”
On his appointment, Ude said, “With over three decades in banking and technology across Africa, Asia, and Europe, I’ve seen how innovation can transform not just institutions but entire economies. What excites me most about CapitalSage is its vision and the people driving it, a team committed to building technology that doesn’t just move money but moves lives. I look forward to working with the team to scale our footprint, deepen inclusion, and create lasting value across Africa.”
