Stanbic IBTC Group tweaks manpower with fresh directorship appointments

Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has appointed nine directors to oversee the operations of various subsidiaries within the group.

Chidi Okezie, the Company’s Secretary, made this known in a statement in Lagos on Thursday.

“The appointments” the statement said, “were in line with the financial institution’s tradition and succession strategy of grooming leaders. With the appointments, the organisation bolstered its capabilities to provide better services to its clients.”

In the restructuring, Helmut Engelbrecht is now the non-executive director of Stanbic IBTC Bank Plc, while Hassan Khan becomes non-executive director of Stanbic IBTC Capital Limited.

Bunmi Olarinoye and Idris Toriola take the positions of chief executive and executive director respectively at Stanbic IBTC Stockbrokers Limited; Adelanwa Adesanya and Selvan Kistnasamy will serve as an independent non-executive director and non-executive director respectively at the stockbroking subsidiary of Stanbic IBTC.

Titi Ogungbesan, the erstwhile chief executive of Stanbic IBTC Stockbrokers Ltd becomes the executive director  of Business Development at Stanbic IBTC Insurance Limited; Jesuseun Fatoyinbo will act as a non-executive director on the Board of Stanbic IBTC Nominees Limited, and Ese Nkadi takes up the role of executive director at Stanbic IBTC Trustees Limited.

Commenting on the appointments, the Chief Executive Officer of Stanbic IBTC Holdings, Dr Demola Sogunle, said, “Placing people over profits is a mantra which we abide by at Stanbic IBTC. We place a high premium on our human capital because people are the drivers of our growth. I am therefore delighted that we have appointed these individuals to various Directorship positions within our organisation.

“I am confident that these appointments will further accelerate the achievement of our business goals and objectives. At Stanbic IBTC, we are dedicated to delivering value to our stakeholders and we will continue to ensure that we provide our clients with the products, services and solutions to suit their needs.”

He urged the newly appointed executives to make their impact felt when discharging their duties.