Stanbic IBTC appoints Sogunle as DMD

STANBIC IBTC Holdings Plc, a member of Standard Bank Group, has announced the appointment of Dr. Demola Sogunle as its Deputy Chief Executive. He was until recently the Chief Executive of Stanbic IBTC Pension Managers, a position he had held since August 19, 2011.

The bank also appointed Yewande Sadiku and Babatunde Macaulay as Executive Directors, Corporate and Transactional Banking and Personal and Business Banking for Stanbic IBTC Bank respectively, while Eric Fajemisin and Bunmi Dayo-Olagunju were named Chief Executives for Stanbic IBTC Pension Managers and Stanbic IBTC Asset Management respectively.

As Deputy Chief Executive of the bank, Sogunle is expected to strengthen the executive team as the bank consolidates its growth strategy. He was formerly the Head of Treasury and Financial Services for the bank for over seven years.

Prior to his appointment as Chief Executive of the proup’s Pension business, he was Stanbic IBTC Bank’s Head of Risk as well as its Chief Compliance Officer. Chief Executive, Stanbic IBTC Holdings, Mrs. Sola David-Borha, described the appointments as part of the group’s succession planning process, underscored by the policy of growing its people and giving equal opportunity to all employees of the group.

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