Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has
announced several key executive appointments across the Group, in a bid to
fortify its market leadership position in the Nigerian financial services
sector. The appointments are in line with the organisation’s corporate
governance structure and succession plan; and following receipt of all required
regulatory approvals became effective on 02 February 2021.
In a notification filed at the Nigerian Stock Exchange signed by
Chidi Okezie, Company Secretary, the new appointments were said to cut across
Stanbic IBTC Bank PLC and its subsidiary, Stanbic IBTC Nominees; Stanbic IBTC
Pension Managers; Stanbic IBTC Asset Management; Stanbic IBTC Insurance
Brokers; and the newly floated Stanbic IBTC Insurance.
“With the new appointments, Eric Fajemisin assumes the role of
Executive Director, Corporate and Transactional Banking, Stanbic IBTC Bank PLC.
He was the Chief Executive of Stanbic IBTC Pension Managers before this
appointment. Eric has over 30 years’ financial services experience. He is also
a Fellow of both the Institute of Chartered Accountants of Nigeria (ICAN) and
the Chartered Institute of Taxation in Nigeria,” the notification said.
“Babatunde Majiyagbe has also been appointed as the Chief Executive
of Stanbic IBTC Nominees, a wholly-owned subsidiary of Stanbic IBTC Bank PLC
and the first and leading custodial and investor services company in Nigeria
for non-pension assets.
“The Wealth Management division of the Group has also made key
appointments. With these appointments, Olumide Oyetan is now the new Chief
Executive of Stanbic IBTC Pension Managers. Olumide has over 20 years’
experience and has functioned in different roles across the Group and Standard
Bank. Likewise, Dare Otitoju will function as Executive Director, Investment
Management, Stanbic IBTC Pension Managers.
“The Group’s asset management subsidiary has also appointed
Busola Jejelowo as Executive Director, Investments, Stanbic IBTC Asset
Management; and Wunmi Ehis-Uzenabor as Executive Director, Operations at
Stanbic IBTC Asset Management. Similar appointments were made in the trustees
and insurance brokerage subsidiaries of the Group. Emi Agaba-Oloja has been
appointed as Executive Director, Stanbic IBTC Trustees, and Ibiyemi Mezu as Executive
Director, Stanbic IBTC Insurance Brokers.
“Akinjide Orimolade has also been appointed as Chief Executive,
Stanbic IBTC Insurance; Sakeenat Bakare as Executive Director, Business
Development at Stanbic IBTC Insurance; and Dunny Semwayo as Executive Director,
Technical, at Stanbic IBTC Insurance. Stanbic IBTC Insurance is the Group’s
newly licensed subsidiary.”
Commenting on the appointments, Dr. Demola Sogunle, Chief
Executive, Stanbic IBTC Holdings PLC, said: “We are delighted to have a pool of
highly experienced, diligent, and management-savvy individuals at Stanbic IBTC
to be entrusted with the responsibilities of driving the next phase of our
growth. We are certain the Group will benefit immensely from their wealth of
knowledge and expertise because they understand our processes, values,
priorities and growth trajectory, having been intricate parts of the system.”
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