Monday, June 3, 2019 12:59PM / NSE
In an effort to consolidate on its impressive
financial performances and market leadership across the financial services
spectrum, Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has
announced a number of Board appointments in some of its subsidiaries.
The appointments, which are expected to bring
fresh thinking and ideas as well as energy into the Group’s operations, cut
across the Stanbic IBTC Group, including Stanbic IBTC Bank, Stanbic IBTC Asset
Management Limited, Stanbic IBTC Pension Managers Limited, and Stanbic IBTC
Insurance Brokers Limited.
Mr Adekunle Adedeji was promoted to the position
of executive director Stanbic IBTC Holdings PLC, effective 22 February 2019. Mr
Adedeji, who has over 20 years’ experience, is also Stanbic IBTC Group’s Chief
Financial Officer. He had a similar experience with Stanbic Ghana. Adedeji has
worked with Ernst & Young and belongs to several professional institutes,
including the Institute of Chartered Accountants of Nigeria.
Mr Barend Johannes Kruger was appointed as a
non-executive director for Stanbic IBTC Bank effective from 20 May 2019
following the receipt of all required regulatory approvals. Mr Kruger had
previously been appointed to the board of Stanbic IBTC Holdings PLC in January
2019. Thus, he will now serve on both the HoldCo and the bank boards as a
nonexecutive director. Mr Kruger is a chartered accountant with over 30 years’
experience in the financial services industry.
Also appointed to the board of the Bank, following
regulatory approvals, was Ms Rabi Isma as an Independent non-executive
director, effective from 09 May 2019. Ms Isma has extensive experience in the
telecoms industry with 9Mobile and Etisalat Sri Lanka. She has previous worked
for the British Council in Nigeria and served as special adviser to the
governor of Kano State. Ms. Isma has multiple certifications and has attended
several executive programmes, both at the Harvard and Michigan Ross Business
Schools, United States of America.
Mrs Bunmi Dayo-Olagunju has been appointed
Executive Director, Operations, for the Bank. Prior to this, Mrs. Dayo-Olagunju
was Deputy Head of Operations and also previously served as Chief Executive of
Stanbic IBTC Asset Management Limited, the Group’s Asset Management subsidiary.
She has over 20 years of hands-on experience in the financial services industry
having worked in different capacities across the subsidiaries of Stanbic IBTC
Group.
Similarly, Mr. Dele Sotubo replaced Mrs. Dayo-Olagunju
as Chief Executive of Stanbic IBTC Asset Management Limited effective 12
February 2019; Mr. Olumide Oyetan was appointed Executive Director,
Investments, Stanbic IBTC Pension Managers Limited with effect from 1 March
2019; Mr. Charles Emelue was appointed Executive Director, Operations, Stanbic
IBTC Pension Managers Limited on 1 April 2019 while Ms. Sakeenat Bakare was
appointed Executive Director for Stanbic IBTC Insurance Brokers Limited,
effective 26 February 2019.
These individuals are highly qualified and
experienced to deliver results in their new roles. Commenting on the
appointments, Chief Executive, Stanbic IBTC Holdings PLC, Mr Yinka Sanni, said:
“We are pleased to entrust these individuals with new responsibilities and look
forward to benefiting immensely from their wealth of knowledge and experience
as we enter the next phase of our growth. In filling these roles, we identified
our priorities and these individuals fit into our growth objectives.”
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