Stanbic IBTC Fortifies Governance Structures for Value Delivery

January 18, 2024
Stanbic IBTC

By Aduragbemi Omiyale

As part of its determination to enhance oversight and continually deliver value to stakeholders, Stanbic IBTC Holdings Plc has announced some appointments for its subsidiaries aimed at fortifying governance structures.

According to the leading end-to-end financial services provider, the newly appointed board members are distinguished professionals with an impressive wealth of experiences spanning various facets of the financial industry, including banking, asset management, stockbroking, and fintech.

The firm said the move, marked by the receipt of requisite regulatory approvals, reflected its commitment to maintaining robust oversight and delivering top-notch financial services to its clientele.

A statement from the organisation disclosed that Mr Oladele Sotubo is now the chief executive of Stanbic IBTC Capital Limited. He brings extensive expertise in corporate finance advisory, debt solutions, and equities trading.

His appointment, according to the disclosure, underscored the commitment to leadership that is well-versed in navigating the complexities of the financial landscape.

Also, the company has appointed Mrs Olufunke Isichei, to the board of ZEST Payments Limited as a Non-Executive Director.

She is a distinguished payments services expert with vast experience in agency banking, digital platforms and customer experience. It was stated that her appointment reflects the commitment to expanding and optimising digital payment solutions within the Stanbic IBTC Group.

Similarly, Mrs Busola Jejelowo is now a Non-Executive Director on the board of Stanbic IBTC Stockbrokers Limited. She is anticipated to bring her extensive background in capital markets and investment banking to the organisation and contribute significantly to the subsidiary’s strategic direction and decision-making processes.

Also, Mrs Yinka Johnson was appointed to the board of Stanbic IBTC Asset Management Limited as an executive director. In this role, she will be integral in shaping asset management strategies and enhancing client offerings because of her profound knowledge of portfolio management, product development, and distribution.

Commenting on these appointments, the chief executive of Stanbic IBTC Holdings, Mr Demola Sogunle, expressed delight at the calibre of professionals who joined the boards of the group subsidiaries.

Aduragbemi Omiyale

Aduragbemi Omiyale is a journalist with Business Post Nigeria, who has passion for news writing. In her leisure time, she loves to read.

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