Standard Bank Group Limited has announced the appointment of Atedo Peterside as a non executive director to its board and the board of The Standard Bank of South Africa Limited with effect from August 22, 2014.

Mrs. Sola David-Borha, Chief Executive of Stanbic IBTC Holdings Plc, in a statement, said she was pleased that Mr. Atedo Peterside, Chairman and Founder of Stanbic IBTC Bank Plc was joining the board of directors of Standard Bank Group Limited as well as the board of directors of The Standard Bank of South Africa Limited.

Reacting to his appointment, Peterside said that he will be shedding some of his private sector responsibilities in Nigeria in order to discharge his new overseas role effectively.

Peterside obtained a B.Sc. degree in Economics from The City University, London and M.Sc. in Economics from London School of Economics & Political Science and holds an Honorary Doctorate of Science.

He is currently the chairman of Stanbic IBTC Bank Plc, which is part of the Standard Bank Group and a director of Flour Mills of Nigeria Plc, Nigerian Breweries Plc, Presco Plc, Unilever Nigeria Plc and the chairman of Cadbury Nigeria Plc.

He was the chairman of the Committee on Corporate Governance of Public Companies in Nigeria.