Stanbic IBTC rejigs positions
Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has executed major appointments and changes in its management structure as part of strategic positioning to sustain growth into the future.
To this end, Yinka Sanni has been named the Chief Executive Officer of Stanbic IBTC Holdings Plc, taking over from, Mrs. Sola David-Borha, who has been appointed Chief Executive Officer, Rest of Africa, Standard Bank Group.
Similarly, Dr. Demola Sogunle, formerly the Deputy Chief Executive Officer, has been appointed the Chief Executive Officer, Stanbic IBTC Bank Plc, to replace Sanni.
Sanni joined Stanbic IBTC Bank in 1990 and rose through the ranks, holding several senior management positions within the organisation including that of Co-Head, Corporate and Investment Banking.
He also held the position of Executive Director and Head, Corporate and Investment Banking. He was the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive Officer, Stanbic IBTC Asset Management Limited. He has a wealth of experience in banking and financial services covering Banking, Stockbroking, Pension, and Asset Management spanning over 26 years.
As the helmsman of the Group, Sanni is expected to drive the next phase of growth and execution of its strategy of being Nigeria’s leading end-to-end financial services provider.
He holds an MBA from the Obafemi Awolowo University Ile-Ife, having also undertaken the Harvard Business School, Boston’s Advanced Management Programme.
He is a graduate of the University of Nigeria, Nsukka, with Bachelors in Agricultural Economics and Fellow of the Chartered Institute of Stockbrokers of Nigeria.
Meanwhile, prior to his appointment as Deputy Chief Executive, of the bank, Sogunle was the Chief Executive Officer of Stanbic IBTC Pension Managers from August 2011 to December 2015.
Before now, he has served variously in Stanbic IBTC Bank as Head of Risk; Chief Compliance Officer and Head of Treasury and Financial Services.
Sogunle will now be leading the bank’s team as they consolidate and accelerate its growth strategy, especially within the retail, corporate and transactional banking ecosystems.
Chairman, Stanbic IBTC Holdings Plc, Atedo Peterside, thanked David-Borha, who he described as one of the finest bankers of her generation, a consummate professional and an exceptional human being for her long and meritorious service to the banking group.
“The board is confident that our newly appointed executives will benefit the group immensely as they will bring to their new positions, an unmatched combination of integrity, experience and a sterling track record. This will no doubt, help the business sustain its ongoing growth strategy,” Peterside said.