Stanbic IBTC Rejigs Team to Fortify Market Leadership Position

February 4, 2021
Stanbic IBTC IDE

By Dipo Olowookere

In order to fortify its market leadership position in the financial industry, Stanbic IBTC Holdings Plc has announced the appointments of the Chief Executive Officers (CEOs) and executive directors for its subsidiaries.

The new appointees, who the chief executive of the parent firm, Mr Demola Sogunle, described as highly experienced, diligent and management-savvy, are expected to work to achieve this goal.

“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,” Mr Sogunle said.

According to a statement, the financial institution has appointed, with effect from February 2, 2021, Eric Fajemisin as the Executive Director in charge of Corporate and Transactional Banking, Stanbic IBTC Bank Plc.

He was the CEO of Stanbic IBTC Pension Managers before this appointment and 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.

Also, the firm has appointed Babatunde Majiyagbe as the CEO of Stanbic IBTC Nominees, a wholly-owned subsidiary of Stanbic IBTC Bank and the first and leading custodial and investor services company in Nigeria for non-pension assets.

In addition, Olumide Oyetan has been made the CEO of Stanbic IBTC Pension Managers. Oyetan has more than 20 years’ experience and has functioned in different roles across the group and Standard Bank.

Furthermore, the company has selected Dare Otitoju as the Executive Director, Investment Management, Stanbic IBTC Pension Managers.

Also, Busola Jejelowo is now the Executive Director, Investments, Stanbic IBTC Asset Management, while Wunmi Ehis-Uzenabor is the new Executive Director, Operations at Stanbic IBTC Asset Management.

Similarly, Emi Agaba-Oloja has been appointed as Executive Director, Stanbic IBTC Trustees and Ibiyemi Mezu as Executive Director, Stanbic IBTC Insurance Brokers.

In the same vein, Akinjide Orimolade was chosen as the CEO of Stanbic IBTC Insurance, while Sakeenat Bakare is now the Executive Director, Business Development at Stanbic IBTC Insurance, with Dunny  Semwayo the new Executive  Director, Technical, Stanbic IBTC Insurance.

“The appointments are in line with the organisation’s corporate governance structure and succession plan,” the statement from the lender disclosed.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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