Stanbic IBTC Holdings Plc has announced the appointment of Yinka Sanni as its Chief Executive. Dr. Demola Sogunle has also been named Chief Executive, Stanbic IBTC Bank Plc. Sanni takes over from Sola David-Borha, who has been appointed Chief Executive, Rest of Africa, Standard Bank Group.
The appointments and changes in the management structure are part of strategic positioning to sustain its growth into the future, the group said in a statement.
Yinka Sanni was until his latest appointment was the CE of Stanbic IBTC Bank Plc. He joined Stanbic IBTC Bank in 1990 and rose through the ranks, holding several senior management positions within the organization including that of Co-Head, Corporate and Investment Banking. He also held the position of Executive Director & Head, Corporate and Investment Banking.
He was the pioneer Chief Executive, Stanbic IBTC Pension Managers Limited and the pioneer Chief Executive Officer, Stanbic IBTC Asset Management Limited. He has a wealth of experience in banking and financial services covering banking, stockbroking, pension, and asset management spanning over 26 years.
As CE of the Group, Yinka Sanni is expected to drive the next phase of growth and execution of its strategy of being Nigeria’s leading end-to-end financial services provider. Sanni holds an MBA from the Obafemi Awolowo University Ile-Ife, having also undertaken the Harvard Business School, Boston’s Advanced Management Programme. He is a graduate of the University of Nigeria, Nsukka; with Bachelors in Agricultural Economics. Mr. Sanni is a Fellow of the Chartered Institute of Stockbrokers of Nigeria.
Dr. Sogunle was until recently was the Deputy Chief Executive, Stanbic IBTC Bank Plc. Prior to his appointment as Deputy Chief Executive, of the bank, he was the Chief Executive of Stanbic IBTC Pension Managers, a position he held from August 19, 2011 to December 2015. Prior to his appointment as Chief Executive of Stanbic IBTC’s Pension subsidiary, he was Stanbic IBTC Bank’s Head of Risk as well as its Chief Compliance Officer. He was also formerly the Head of Treasury and Financial Services for Stanbic IBTC Bank, a position he held for over seven years.