Nigerian businessman and former Group Chairman of Stanbic IBTC, Atedo Peterside, yesterday shared a throwback picture of the pioneer staff members who worked with him when he founded the bank. Writing on LinkedIn, the billionaire recalled that he was 33-years when he founded the bank. Interestingly, all the people in the picture he shared were all younger than him.
“Stanbic IBTC celebrated its 30th anniversary in 2019. I was 33 years old when the Stanbic IBTC Bank was founded, and the entire staff were younger than me. In this picture from IBTC’s 1989/90 Annual Report you see: From L to R (Sitting): Atedo Peterside (CEO), Angela Omo-Dare (Legal Adv/Company Sec), Wale Edun (ED), Oluwande Muoyo (Manager). L to R (Standing): Sola David-Borha (Snr Manager), Late Toyin Daniju (Manager).”
Their career growth over the years
The interesting thing about this picture from 1989 is the fact that some of those young professionals went on to accomplish great things in their careers, both within and outside the Stanbic IBTC Group. For one, Angela Omo-Dare rose to become the current Head of Legal Services at Stanbic IBTC Holdings Plc.
Wale Edun, on the other hand, later served as Lagos State Commissioner for Finance. He is currently the Chairman of Chapel Hill Denham. Similarly, Oluwande Muoyo went on to serve as a Commissioner for Budget in Ogun State. She currently sits on the board of FBN Holdings Plc as an Independent Non-Executive Director.
Moving on, Solar David-Borha later rose to serve as the Chief Executive Officer of Stanbic IBTC Holdings Plc until early 2017. She is currently a Chief Executive (in charge of Africa regions) at Standard Bank Group. Even Toyin Daniju accomplished incredible things before his demise.
Focus on Atedo Peterside’s career
Atedo Peterside was CEO from 1989 to 2007, during which time the company was forced to go through a couple of mergers in order to meet the N25 billion minimum capital base requirement. He then assumed a new role as the Group Chairman and served between 2007 and 2017 after which he announced his resignation. He currently serves on the board of both Standard Bank Group Limited and Standard Bank of South Africa Limited.
The 64-year old billionaire is known for being very expressive about his early days as an entrepreneur. In a 2018 interview as reported by Nairametrics, the businessman discussed a whole lot of things, including why it might be difficult today for young people to secure a banking license at 33 today like he did years ago.