Stanbic IBTC Holdings, today, announced a series of management changes across the group.
Mr Wole Adeniyi, who until recently was the Executive Director, Operations, Stanbic IBTC Bank, has been appointed Executive Director, Personal and Business Banking, Stanbic IBTC Bank, following the appointment of Mr. Babatunde Macaulay, the erstwhile Executive Director, as Regional Head, Personal and Business Banking for Standard Bank West Africa, based in Johannesburg, South Africa.
The Chief Executive, Stanbic IBTC Asset Management Limited, Mrs Bunmi Dayo-Olagunju, assumes a new role as Deputy Head, Operations, Stanbic IBTC Bank.
Similarly, Mrs Binta Max-Gbinije has been named Head, Commercial Banking and Public Sector Group, Stanbic IBTC Bank; Mr Babatunde Akindele as Zonal Head, Lagos Island, Stanbic IBTC Bank: Mrs Nike Bajomo was appointed to Executive Director, Business Development, Stanbic IBTC Pension Managers Limited.
Ms Olusola Carrena and Mrs Oyinda Akinyemi were appointed Executive Directors of Stanbic IBTC Capital.
Regulatory approvals have been secured for all the appointment.
Stanbic IBTC is currently trading at N47.50 in today’s trading session on the Nigerian Stock Exchange, down 1.04%.
Results for the nine months ended September 30, 2018, show Gross Earnings increased from N154 billion in 2017 to N168 billion in 2018. Profit before tax rose from N45.6 billion in 2017 to N70.3 billion in 2018. Profit after tax also jumped from N37.6 billion in 2017 to N59.7 billion in 2018.