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Stanbic IBTC announces key executive changes



Stanbic IBTC announces key executive changes

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has announced major executive appointments and changes in its management structure.

Yinka Sanni has been named the Chief Executive of Stanbic IBTC Holdings PLC, taking over from Sola David-Borha, who is now Chief Executive, Rest of Africa, Standard Bank Group effective immediately.

Yinka Sanni was until his latest appointment the Chief Executive of Stanbic IBTC Bank PLC. He joined Stanbic IBTC Bank in 1990 and rose through the ranks, holding several senior management positions within the organization including that of Co-Head, Corporate and Investment Banking.

He also held the position of Executive Director & Head, Corporate and Investment Banking. He was the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive Officer, Stanbic IBTC Asset Management Limited. He has a wealth of experience in banking and financial services covering Banking, Stockbroking, Pension, and Asset Management spanning over 26 years.

As CE of the Group, Yinka Sanni is expected to drive the next phase of growth and execution of its strategy. 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 a Fellow of the Chartered Institute of Stockbrokers of Nigeria.

Similarly, Dr. Demola Sogunle has been appointed Chief Executive, Stanbic IBTC Bank PLC. Dr. Sogunle was until recently the Deputy Chief Executive, Stanbic IBTC Bank PLC. Prior to his appointment as Deputy Chief Executive, of the bank, he was the Chief Executive of Stanbic IBTC Pension Managers, a position he held from August 19, 2011 to December 2015.

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Prior to his appointment as Chief Executive of Stanbic IBTC’s Pension subsidiary, he was Stanbic IBTC Bank’s Head of Risk as well as its Chief Compliance Officer. He was also formerly the Head of Treasury and Financial Services for Stanbic IBTC Bank, a position he held for over seven years

The Chairman, Stanbic IBTC Holdings PLC, Mr. Atedo Peterside, thanked Mrs. Sola David-Borha, who he described as one of the finest bankers of her generation, a consummate professional and an exceptional human being for her long and meritorious service to Stanbic IBTC Holdings. He also wished her the best of luck in her new role within the Standard Bank Group.


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