Stanbic IBTC appoints new directors to its HoldCo, subsidiary boards

By Cynthia Ezekwe.

Stanbic IBTC Holdings PLC, a leading end-to-end financial services provider in Nigeria, has appointed new directors to its holding company, and its subsidiary.

The financial institution disclosed this in a statement signed by Chidi Okezie, its  company secretary, and published on the Nigerian Exchange (NGX) platform.

Stanbic explained that the  appointments are a reflection of the Group’s commitment to strengthening its leadership teams and driving continued growth and innovation in the financial services sector.

The statement noted that Ndidi Nwuneli, a highly accomplished businesswoman and social entrepreneur, was appointed independent non-executive director of Stanbic IBTC Holdings PLC.

“With extensive experience and deep understanding of business development and sustainability, Ndidi will contribute invaluable insights to the board’s strategic decision-making processes,’’ the statement added.

The financial institution also announced that Yinka Sanni  joined the board of the Holding company as a non-executive director, adding that Yinka brings a wealth of experience in the financial services industry, and a strong track record of leadership.

“His robust industry experience and strategic insight will be instrumental in shaping the company’s growth trajectory. In addition to this role, Yinka will serve as a NonExecutive Director of Stanbic IBTC Bank,’’ the statement noted.

The company also appointed Funeka Montjane as a non-executive director, noting that her  rich expertise in banking and financial services across Africa and beyond will be instrumental in achieving the Bank’s strategic objectives and ensuring its continued success.

The statement also pointed out that Efe Omoduemuke joined the board of Stanbic IBTC asset management as an executive director.

“With broad knowledge in investment management and risk management, Efe will play a pivotal role in driving the next growth phase and development of the asset management business,’’ Stanbic IBTC noted.

Additionally,  Joyce Dimpka was appointed non-executive director of Stanbic IBTC Insurance Brokers. The financial institution expressed confidence that her vast background across the financial services industry at senior management and board levels will provide valuable insights and guidance to the company’s operations.

In a similar development, Temitope Popoola was recently appointed as an executive director of Stanbic IBTC Insurance Brokers Limited. According to the company, Popoola’s wealth of experience, which traverses finance, operations, customer service, internal audit, and human capital will be instrumental in achieving the company’s strategic objectives in delivering excellent service and innovative insurance solutions to clients.

Meanwhile, Oladele Sotubo was appointed as executive director on the board of Stanbic IBTC Capital Limited, where his expertise and experience in the capital markets is expected to bring valuable insights and contribute to the growth and success of Stanbic IBTC Capital Limited.

Titi Ogungbesan was appointed as the chief executive of Stanbic IBTC Ventures.  The company said her demonstrated leadership skills and deep understanding of the Nigerian business landscape, will enable her to lead the company in identifying and maximising investment opportunities, driving its growth, and expanding the company’s portfolio.

Commenting on the new appointments, Demola Sogunle, chief executive of Stanbic IBTC Holdings, said: “These appointments represent a significant milestone in the flight plan of Stanbic IBTC as we continue to position ourselves as a leader in the Nigerian financial services industry. The newly appointed directors bring a wealth of multi-dimensional experience, diverse perspectives, and a deep commitment to driving excellence and innovation.”

Sogunle expressed his satisfaction with the newly appointed directors and reaffirmed the Group’s commitment to nurturing its workforce while maintaining exceptional service standards across its subsidiaries.

He encouraged the new appointees to make a meaningful impact in their roles while expressing confidence that their collective experience and skills would further strengthen the organisation’s corporate governance.