Corporate Governance

Bank of Africa United Kingdom is committed to strong corporate governance. We believe that effective oversight, transparent decision-making and rigorous risk management are fundamental to delivering sustainable performance for our stakeholders.

Our governance framework is built on clearly defined responsibilities, robust policies and procedures, and a system of committees that ensure accountability across all areas of the Bank's operations.

Our Approach to Governance

At Bank of Africa United Kingdom, corporate governance is central to how we operate. We maintain a comprehensive framework designed to:

  • Ensure effective oversight at both Board and Executive levels
  • Promote integrity and accountability across the organisation
  • Support prudent risk management
  • Strengthen compliance with regulatory requirements in the UK and France
  • Align our operations with the governance culture of the wider BANK OF AFRICA Group

To achieve this, we operate through a structured set of committees, each with defined responsibilities and reporting lines.

Board-Level Oversight

The Board of Directors is responsible for the overall leadership, strategy, and governance of the Bank. It oversees the Bank's operations in the United Kingdom and France and meets quarterly — or more frequently if required.

Board Committees

Three committees support the Board in fulfilling its responsibilities:

  • Risk Committee
  • Audit Committee
  • Remuneration & Governance Committee

These committees provide oversight of key areas such as financial reporting, internal controls, remuneration policies, and risk management.

Executive-Level Governance

Operational governance is reinforced through a comprehensive suite of Executive Committees that manage day-to-day risk, compliance, and business performance.

Executive Committees

The Bank maintains seven core executive committees:

  • Management Committee
  • Asset–Liability Committee
  • Compliance Committee
  • Credit Committee
  • New Product Committee
  • Provisions Committee
  • Large Exposures Committee

Additional Committees

To further strengthen governance, the Bank also operates:

  • Operational Risk Committee
  • Outsourcing Committee
  • Conduct Committee

These committees meet regularly to ensure that the Bank maintains effective controls, sound decision-making, and rigorous compliance in all operational areas.

Our Organisation

Bank of Africa United Kingdom operates within the governance culture of the BANK OF AFRICA – BMCE Group, benefiting from a strong African heritage and an international presence.

We follow a clear organisational structure that supports accountability, clarity of roles, and effective escalation processes.

Management Organisation Structure

Our management organisation chart outlines the hierarchy and reporting lines within the Bank.

Bank of Africa UK Management Organisation Structure showing the Board, CEO, and executive positions including CFO, CRO, COO, and other key roles with their reporting lines to Board Committees

Ownership Structure

Bank of Africa United Kingdom is part of the BANK OF AFRICA Group. The ownership structure reflects the Bank's integration within a diversified pan-African banking group with an extensive international footprint.

Ownership structure showing Bank of Africa - BMCE Group in Morocco with 100% ownership of BMCE International Holdings Limited (UK) which owns 100% of Bank of Africa United Kingdom PLC with a branch in Paris, France

Board of Directors

The Board of Directors is composed of experienced professionals from banking, finance, risk, governance, and leadership backgrounds. Their collective expertise supports the Bank's strategic direction and ensures strong governance oversight.

The Board includes:

  • Chairman
  • Chief Executive Officer
  • Non-Executive Directors
  • Independent Non-Executive Directors

View our Board of Directors →

Governance Committees

The governance structure encompasses both Board-level and Executive-level committees, each ensuring checks, oversight, and accountability.

Board-Level Committees

  • Risk Committee
  • Audit Committee
  • Remuneration & Governance Committee

Executive-Level Committees

  • Management Committee
  • Asset–Liability Committee
  • Compliance Committee
  • Credit Committee
  • New Product Committee
  • Provisions Committee
  • Large Exposures Committee
  • Outsourcing Committee
  • Operational Risk Committee
  • Conduct Committee

This layered governance structure ensures rigorous oversight of risks, credit exposure, operations, product governance, and regulatory compliance.

Governance in Practice

Our governance model ensures:

  • Clear lines of responsibility
  • Strong internal control systems
  • Independent oversight
  • Ethical and transparent decision-making
  • Effective management of financial and non-financial risks

The Bank continually strengthens its governance processes to meet evolving regulatory standards and best practices in the UK and internationally.