Nigeria: Stanbic IBTC Holdings appoints 4 new directors to subsidiary boards

Stanbic IBTC Holdings Plc has made strategic appointments to the boards of its subsidiaries.

In a statement, it noted that, with the necessary regulatory approvals secured, these strategic appointments underscore the institution’s dedication to ensuring strong governance and providing high-quality financial services to its clients.

The Group highlighted that the recently appointed board members are accomplished professionals with extensive experience across diverse areas of the financial industry, encompassing banking, asset management, stockbroking, and fintech.

Chidi Okezie, the Company Secretary, in a statement, revealed that Mrs. Busola Jejelowo, a seasoned professional with over two decades of expertise in capital markets and investment banking, has been appointed as a Non-Executive Director on the Board of Stanbic IBTC Stockbrokers Limited.

She noted that her extensive background will significantly contribute to the subsidiary’s strategic direction and decision-making processes.

The group noted that Mr. Oladele Sotubo assumed the role of Chief Executive at Stanbic IBTC Capital Limited, bringing extensive expertise in corporate finance advisory, debt solutions, and equities trading.

The group emphasized that his appointment underscores their commitment to leadership well-versed in navigating the complexities of the financial landscape.

Additionally, the group announced that Mrs. Yinka Johnson, possessing extensive expertise in portfolio management, product development, and distribution, has been appointed as Executive Director at Stanbic IBTC Asset Management Limited.

In this role, Mrs. Yinka Johnson will play a pivotal role in shaping asset management strategies and improving client offerings.

Mrs. Olufunke Isichei, a highly regarded payments services expert with extensive experience in agency banking, digital platforms, and customer experience, has been appointed as a Non-Executive Director on the Board of ZEST Payments Limited. This strategic move underscores the commitment of the Stanbic IBTC Group to expand and optimize digital payment solutions.

Mr. Demola Sogunle, the Chief Executive of Stanbic IBTC Holdings, expressed delight at the high caliber of professionals who have joined the boards of the Group’s subsidiaries.

“The introduction of these accomplished directors poised to bring renewed depth and diversity of experience to complement the existing capabilities within the Boards of the respective subsidiaries. 

As Stanbic IBTC Holdings continues to expand, these appointments attest to its dedication to maintaining high standards of corporate governance and achieving sustained excellence in the ever-evolving financial landscape,” he said.