CORPORATE ACTION: Stanbic IBTC Holdings Appoints Chief Executive


The Board of Stanbic IBTC have announced the resignation of Mrs. Sola David – Borha as Chief Executive to take up a new role as Chief Executive (Rest of Africa) at the Standard Bank Group in South Africa. Her resignation took effect on Thursday 19 January 2017.

The Board also announced the appointment of Mr Yinka Sanni as the new Chief Executive of Stanbic IBTC Holdings PLC with effect from Thursday 19 January 2017. Mr. Sanni, who prior to his new appointment, was Chief Executive of Stanbic IBTC Bank PLC, (“the Bank”) brings with him over 26 years’ experience in financial services covering  Banking, Pension and Asset Management. Mr. Sanni 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. Mr. Sanni is also a Fellow of the Chartered Institute of Stockbrokers of Nigeria.

Dr. Demola Sogunle, the current Deputy Chief Executive of the Bank, has assumed the role of Chief Executive of the Bank (effective 25 January 2017) following Mr. Sanni’s elevation as Chief Executive of Stanbic IBTC Holdings Plc.

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