Stanbic IBTC Holdings Plc has announced some executive appointments and changes in its management structure. According to the financial institution, Demola Sogunle has been named Deputy Chief Executive (Deputy Managing Director) of Stanbic IBTC Bank Plc. Sogunle was until recently the Chief Executive of Stanbic IBTC Pension Managers, a position he held since August 19, 2011. Consequently, Yewande Sadiku and Babatunde Macaulay were appointed as executive directors, corporate and transactional banking and personal and business banking for Stanbic IBTC Bank, respectively, while Eric Fajemisin and Bunmi Dayo-Olagunju were appointed chief executives for Stanbic IBTC Pensions Managers and Stanbic IBTC Asset Management, respectively.
Sola David-Borha, Chief Executive, Stanbic IBTC Holdings, described the appointments as part of the group’s succession planning process, underscored by the policy of growing its people and giving equal opportunity to all employees of the Group.
“These appointments, which take immediate effect, having secured all required regulatory approvals, will benefit clients in our various businesses immensely as these executives bring to bear an unmatched combined wealth of experience and sterling track records in their new positions.
“This will, no doubt, help our Group maintain its lead in corporate and transactional banking, wealth management, as well as the personal and business banking space,” David-Borha said