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SunTrust Bank appoints Babatunde chief executive

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SunTrust Bank Nigeria Limited has appointed Ayo Babatunde as its new Managing Director/Chief Executive Officer.

Babatunde, whose appointment takes effect on the 1st August 2018, replaces Muhammad Jibrin, who is contesting for the gubernatorial seat in his home state, Gombe in 2019.
He was previously the Senior Vice President – Regional Treasurer of EcoBank Nigeria.

Speaking on the changes, the bank’s chairman, board of directors, Jibril Aku said, “On behalf of the board and management of the bank, I want to thank Muhammad our pioneer CEO for the solid foundation he has laid for the development of Nigeria’s first FinTech Bank. His passion for service will serve him well in his future aspiration to serve the people of his home state. We welcome Babatunde, who has been a familiar person with an excellent track record”

Babatunde began his banking career with MBC Securities Ltd in 1998 as an Accountant and later pursued a career in banking with MBC International Bank Limited (which merged with First Bank after banking consolidation in 2005), he then moved to Citibank Nigeria Ltd where his exceptional performance saw him rise to the position of Vice President.


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