Connect with us
nairametrics

Appointments

Stanbic IBTC appoints new CEOs

The announcement was contained in a press release from the group signed by the company secretary.

Published

on

Stanbic IBTC appoints new CEOs

Following the appointment of Mr Yinka Sanni as Regional Chief Executive (West Africa) for Standard Bank Group, the Stanbic Bank group has announced the appointment of Mr Demola Sogunle as the new Chief Executive officer of the Stanbic IBTC Holdings PLC and Wole Adeniyi as the Chief Executive officer of Stanbic IBTC Bank PLC.

Both appointments are in line with the company’s internal succession policy, and subject to the approvals of the required regulatory bodies. This announcement was contained in a press release from the group signed by the company secretary, Chidi Okezie and made available to Nairametrics.

As regional CEO, Mr Sanni will have oversight responsibilities for Nigeria, Ghana and Cote d’Ivoire as well as the delivery of Standard Bank Group’s strategy across West Africa.

READ ALSO: Stanbic IBTC gives update on its business continuity approach amid COVID-19 lockdowns 

Before this appointment, Sogunle was the Chief Executive of the Bank, and previously served as Deputy Chief Executive of the Bank. He had also served as Chief Executive of Stanbic IBTC Pension Managers, Head of Risk Management, Chief Compliance Officer, as well as Head of Treasury and Financial Services.

GTBank 728 x 90

Demola holds a First-Class degree in Agricultural Science and a Ph.D. in Land Resource Evaluation and Management, both from the University of Ibadan, Nigeria. He obtained an MBA in Banking and Finance from ESUT Business School, Nigeria and has completed the Advanced Management Program (AMP) of the Harvard Business School, Boston, USA.

Demola also holds a Treasury Dealership Certificate from the Chartered Institute of Bankers of Nigeria (CIBN) and is a member of the Global Association of Risk Professionals. He still remains a Non-Executive Director on the Board of the Bank.

READ MORE: Corporate Actions: 41 for 100, An IPO and offices unsealed

Coronation ads

Similarly, Wole Adeniyi was the Deputy Chief Executive of the Bank, until the appointment. He has served as Executive Director, Personal and Business Banking. He is a First-Class graduate of Business Administration from the University of Benin, Nigeria, and holds an MBA from the Manchester Business School of The University of Manchester, UK.

He is also a Fellow of the Institute of Chartered Accountants of Nigeria (FCA), and a Certified Information Systems Auditor (CISA). Other promotions Mr. Remy Osuagwu has been appointed Executive Director, Personal and Business Banking, to succeed Adeniyi in the execution of the retail strategy of the Bank .

He was previously Head, Business Banking. He holds a bachelor’s degree in Banking & Finance, as well as an MBA. He has had extensive experience in banking and financial services, spanning a period of over 20 years.

About Stanbic IBTC

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, is a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management.

Jaiz bank ads

Stanbic IBTC

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career. As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Appointments

Unilever announces the appointment of Jaime Aguilera as Non-Executive Director

Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.

Published

on

The Board of Directors of Unilever Nigeria Plc has announced the appointment of Mr. Jaime Aguilera as a Non-Executive Director.

This information was disclosed by Unilever in a notification issued and signed by the Company’s Secretary Abidemi Ademola.

According to the information contained in the notification, the appointment of Mr. Aguilera as a Non-Executive will take full effect from 1 January 2021.

However, the Board of Nestle disclosed that Mr Aguilera is a well-rounded business professional, with broad operational expertise while working for top FMCG companies.

What you should know

GTBank 728 x 90

Aguilera in 2009 joined Unilever Spain as EVP & Chairman. He was appointed as Executive Vice President Unilever Eastern Europe in September 2016. He has since then moved to his current role as Unilever Executive Vice President Africa, leading the Unilever business in Africa.

Prior to joining Unilever, he has been in Coca-Cola, Nestlé and Procter & Gamble. His experience spans Europe, the Americas and Asia.

Coronation ads
Continue Reading

Appointments

Abbey Mortgage Bank announces appointment of 6 Directors

The Central Bank of Nigeria has approved the appointment of 6 Directors of Abbey Mortgage Bank.

Published

on

Abbey Mortgage Bank announce the appointment of substantive Managing Director, and 5 Directors.

Abbey Mortgage Bank has announced the appointment of 6 Directors, including Mr. Madu Hamman as the substantive Managing Director.

The disclosure is contained in a notification, signed by the Bank’s Secretary, Geoff Amaghereon Esq. and sent to the Nigerian Stock Exchange market today, as seen by Nairametrics.

What you should know

Five (5) other Directors were appointed by the CBN – 2 Executive and 3 Non-Executive Directors.

The names and portfolios of the Directors are; Mr. Mobolaji Adewumi – Executive Director; Mr. Oladipupo Ayodele Adeoye – Executive Director; Mr. Nonso Okpala – Non-Executive Director; Professor Marius N. Umego – Non-Executive Director; and Brigadier-General John Obasa (rtd) – Non-Executive Director.

GTBank 728 x 90

The notice also mentioned that all appointments have been approved by the Central Bank of Nigeria.

Continue Reading

Appointments

Funke Feyisitan-Ladimeji appointed Executive Director, Coronation Merchant Bank

Coronation Merchant Bank Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank.

Published

on

Funke Feyisitan-Ladimeji appointed Executive Director, Coronation Merchant Bank

The Board of Directors of Nigeria’s leading financial institution; Coronation Merchant Bank Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank with effect from November 18, 2020, consequent to the approval of the Central Bank of Nigeria.

Funke joins the Bank from FBNQuest Merchant Bank where she spent eight years as the Chief Operating Officer (COO).  Before now, she was the Executive Director/COO at JP Morgan. Funke has over 30 years’ experience managing a variety of Banking businesses across Markets and Corporate Finance Businesses, across multiple jurisdictions in EMEA (Europe, Middle East and Africa), North America and Asia, and across multiple functional areas, including Financial Control, Complex Product Accounting, Technology, Business Operations and Human Capital in major financial institutions within and outside Nigeria. She is a Fellow of the Institute of Chartered Accountants of England & Wales and holds a Master’s degree in Globalization and a Bachelor’s degree in Economics from Queen Mary and Brunel Universities respectively.

READ: Coronation Merchant Bank records 14% growth in earnings for 2019 FY

As the Executive Director, Funke’s remit will include Compliance, Information Technology, Centralized Operations, Customer Service, Global Trade and Administration functions.  She will also be the Bank’s Executive Compliance Officer.

Announcing the new appointment, the Chairman of Coronation Merchant Bank, Mr Babatunde Folawiyo stated that: “Funke brings to us a rich portfolio of experience garnered over the years in various leadership capacities. She could not have joined us at a more promising time in our journey to becoming an institution renowned for driving transformative solutions across Africa. I am confident her appointment will further strengthen and position the Bank for improved performance”.

GTBank 728 x 90

READ: FSDH Merchant Bank obtains license to operate as Customs Duty Collecting Bank

He further stated, “As a Bank, we maintain high corporate governance standards and ensure that Board appointments are in line with global best practices and industry standards. Her appointment follows a long tradition of working with the best and brightest across all levels of our organisation.

Coronation Merchant Bank was established in 2015 to provide wholesale banking to a long-underserved market. The Bank offers Corporate & Investment Banking, Private Banking/Wealth Management and, Global Markets/Treasury Services to its niche clientele. It presently has two branches located in Abuja and Port Harcourt with its Head Office in Lagos, Nigeria.

Coronation ads

READ: Restructuring: Plans must pass through legal process from the National Assembly – Tambuwal

The Bank has been the recipient of numerous international and national awards for product innovation and sound corporate governance practices. Some of the international awards it received in 2020 and 2019 include Best Investment Bank in Nigeria by Global Finance, Best Investment Bank in Nigeria by World Finance, Best Investment Bank in Nigeria by Global Banking & Finance Review, Best Investment Bank by Global Business Outlook and Best Investment Bank in Nigeria by International Finance.

Explore Data on the Nairametrics Research Website

Continue Reading