Stanbic IBTC Appoints 9 New Directors Across Board

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of nine new directors across the bank group following the receipt of all required regulatory approvals.

BrandNewsDay reports that Stanbic IBTC made this known in a statement made available to the Nigerian Exchange Group (NXG), stating that the new appointment was subject to the receipt of all required regulatory approvals.

Stanbic IBTC stated that the directors’ appointments were in line with Stanbic IBTC’s succession plan and underscores its tradition of rewarding excellence, performance, and dedication.

The appointees include Mr Babs Omotowa as an Independent Non-Executive Director, Olu Delano as an Executive Director, Stanley Jacob as Chief Executive of Stanbic IBTC’s proposed fintech subsidiary, Stanbic IBTC Financial Services Limited, Adenike Odukomaiya and Okechukwu Nwoke as Non-Executive Directors.

Stanbic IBTC Holdings

Other subsidiary appointments include Brian Marshal and Tosin Leye-Odeyemi as Non-Executive Directors of Stanbic IBTC Capital Limited and Stanbic IBTC Trustees Limited, respectively. Also, Charles Onwude and Dele Sotubo became Non-Executive Directors of Stanbic IBTC Ventures Limited. Charles Onwude was also appointed to serve as a Non-Executive Director of Stanbic IBTC Stockbrokers Limited.

Reacting to the development, Dr Demola Sogunle, Chief Executive, of Stanbic IBTC Holdings Plc, expressed his excitement about the appointments.

He said the new appointees possessed the qualifications and experience required to deliver results in their new positions, having demonstrated the capacity to deliver on the Group’s strategy to remain the leading end-to-end financial services organization.

Moving on, Demola said, “We have a strong tradition of careful succession planning and a good track record of seamless transitions at different levels. With these appointments, we intend to strengthen our capabilities for better customer service delivery.

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”At Stanbic IBTC, we are committed to growing our people because no organisation can progress without placing a high premium on its human capital and investing in the growth trajectory of its staff.”

While charging the newly appointed directors to continue to drive performance over and beyond the expected, Stanbic IBTC Holdings CEO said, “I am confident that the expertise and experience of the new appointees will positively impact the Group and further accelerate the achievement of our business goals and objectives.”

Stanbic IBTC Appoints 9 New Directors Across Board

Demola further urged them to contribute their quota to the organization’s development as they discharge their duties in the new role.

Further, he declared that the organization would continue to uphold the culture of elevating its employees to take up higher responsibilities.

Demola added that Stanbic IBTC would unceasingly invest in training and retraining its staff to ensure a professionally driven workforce that would deliver optimal customer value with a pool of requisite skills, competencies, and capabilities.