Stanbic IBTC Holdings Nigeria Names Dr Kunle Adedeji Acting CEO as Dr Demola Sogunle Retires

Stanbic IBTC Holdings confirmed that Dr Kunle Adedeji has been appointed Acting Chief Executive Officer with effect from 1 November 2024, following regulatory approval from the relevant Nigerian authorities. The appointment takes effect one day after Dr Demola Sogunle retired from the role on 31 October 2024.

Adedeji, an executive director since 2019, also continues as Stanbic IBTC's Chief Financial and Value Management Officer. The group's businesses span banking, asset management, insurance, stockbroking, and pension fund administration.

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Stanbic IBTC is a subsidiary of Standard Bank Group, the South African banking group.