Home Money Stanbic IBTC makes key board appointments

Stanbic IBTC makes key board appointments


MON, JUNE 03 2019-theG&BJournal-Mr Adekunle  Adedeji  Stanbic  IBTC  Group’s  Chief  Financial  Officer has been elevated to the position of an executive director in the bank. His elevation is part of key appointments in some Stanbic IBTC Group’s subsidiaries which the bank said are expected to bring fresh thinking and ideas as well as energy into the Group’s operations. Adedeji’s appointment is 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.

Also appointed into the bank’s board are ; Mr Barend Johannes Kruger, who had previously been appointed to the board of Stanbic IBTC Holdings PLC in January 2019 will now serve on both the HoldCo and the bank boards as a non-executive director. Mr Barend Johannes Kruger’s appointment as a non-executive director for Stanbic IBTC Bank is effective from 20 May 2019 following the receipt of all required regulatory approvals.

The bank said the appointments cuts 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.

Chief  Executive,  Stanbic  IBTC  Holdings  PLC,  Mr Yinka Sanni, said of the appointments; “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.’’

The other key appointment to the board includes the appointment of Ms Rabi Isma as an Independent non-executive director following regulatory approvals, effective from 09 May 2019. Ms Isma has extensive experience in the telecoms industry with 9Mobile and Etisalat Sri Lanka. She has previously 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 also been appointed Executive Director, Operations, for the Bank.  Prior to this, 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. Mr. Dele Sotubo was appointed to replace 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 while Mr. Charles Emelue  was appointed Executive  Director, Operations, Stanbic IBTC Pension Managers Limited on 1 April 2019 and Ms. Sakeenat Bakare was appointed Executive Director for Stanbic IBTC Insurance Brokers Limited, effective 26 February 2019.

According to Stanbic IBTC Holdings  PLC, a member of Standard Bank Group said these individuals are highly qualified and experienced to deliver results in their new roles.

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