Standard Chartered Bank elevates Adesola
Standard Chartered Bank appointed Mrs. Bola Adesola the Senior Vice-Chairman, Africa, with immediate effect, following Statutory and Regulatory approvals.
In this new capacity, she will be responsible for supporting the execution of the bank’s strategic intent within the Africa region, including representing Standard Chartered Bank on various boards in Africa. She will also lead as the Group’s Senior Banker on key relationships and transactions.
Called to the Nigerian Bar in 1985, Bola has over 30 years of banking experience and expertise, with Honorary Fellow of the Chartered Institute of Bankers Nigeria (CIBN) and sits atop board of the Nigerian Interbank Settlement Systems Plc; and chairs the Central Bank of Nigeria Bankers’ Sub-Committee on Economic Development, Sustainability and Gender.
In her place as the Chief Executive Officer (CEO) Nigeria and West Africa, subject to statutory and regulatory approvals, will be Lamin Manjang.
Manjang joined the bank in 1999 and has over the past 19 years, built up extensive experience, including Cluster CEO for Kenya and East Africa, and CEO in Oman, Uganda and Sierra Leone.
Also, Kariuki Ngari will replace Manjang as CEO Kenya, subject to statutory and regulatory approvals.
Ngari brings 23 years of banking experience, having served more recently as Group Head, Service Quality in Group Retail Banking, preceded by being the Global Head, Retail Distribution, Head of Consumer Banking Kenya and East Africa, and Regional Head, Retail Banking, Africa.
The Regional CEO, Africa and Middle East, Standard Chartered Bank, Sunil Kaushal, said: “In Africa and Middle East, we have made investments in our people both in their career and personal development and continue to support our People Strategy to build a high-performance culture through an integrated approach to talent and succession planning.
“These changes ensure a smooth and orderly succession which will allow us to continue our unrelenting focus on delivering our strategy and capturing opportunities across the region”.
Bola joined the bank in March 2011 as the CEO of Nigeria and subsequently, became the CEO for Nigeria and West Africa in 2015.
Prior to joining the bank, Bola was Executive Director, Corporate Banking in First Bank of Nigeria Plc, Nigeria’s biggest bank, and she also had oversight of the retail and commercial banking business in Lagos.
She was also CEO of Kakawa Discount House, Nigeria, a securities trading company where she drove record business performance, having worked in Citibank for nine years in senior leadership roles in Nigeria and Tanzania.
He was appointed to the Board of the United Nations Global Compact in 2015 and appointed as the Co Vice-Chair of the Board in 2018.
In Standard Chartered, Bola is a member of the Global Diversity and Inclusion Council, and is actively involved with women’s networks across the bank.
She also sits on the boards of Standard Chartered in Ghana and Cote D’Ivoire respectively.