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Stanbic IBTC Bank PLC Victoria Island Lagos, Nigeria

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About StanbicIBTC Bank

The Standard Bank Group merged its Nigerian operations, Stanbic Bank Nigeria with that of IBTC Chartered Bank PLC.  The merger, by way of the first ever tender offer in Nigeria and a $525 million FDI, the largest in Nigerian financial history, gave birth to a new entity now known as Stanbic IBTC Bank PLC which became part of the Standard Bank Group.  The merger was officiated in August of this year and legalised on the 24th of September 2007.

Stanbic IBTC Bank PLC through its wholly owned stock broking and asset management subsidiary, IBTC Asset Management Limited has several excellent mutual funds including the IBTC Nigerian Equity Fund, which is Nigeria’s largest mutual fund with a net asset value in excess of N25 billion (as at December 2007).  It is the only bank that has a direct subsidiary that is a pension fund administrator; through the market leading IBTC Pension Managers Limited (IPML).

The Corporate and Investment banking offering includes global markets, project and structured finance, equities trading, corporate finance, global custody and a myriad of transactional and electronic banking solutions.  As part of Africa’s largest bank, it is able to give its clients access to expertise and on the ground presence across the globe, a vital service in the ever increasing global requirements of business.

Stanbic IBTC Bank PLC continues to play a significant role in some of the largest capital markets deals not only in Nigeria but in the continent as well.  Stanbic IBTC Bank PLC was involved with Standard Bank London and Afrinvest as lead arrangers of the historic $350 million Eurobond issue for GT Bank. More recently, together with its parent company, Standard Bank, it put together the largest telecommunications deal ever in Africa – a $ 2 billion syndicated loan for MTN Nigeria.

Traditionally strong as a corporate and investment bank, Stanbic IBTC Bank PLC looks set to strengthen its position in this sector and will increasingly play a significant role in the personal and business banking retail environment.

Stanbic IBTC Bank PLC offers its clients a wide range of corporate, investment, business and personal banking products and solutions.  With over 60 branches across the country and over 1500 dedicated staff, the bank is positioned to take care of your banking requirements.

        Atedo N. A. Peterside CON (Chairman)

The structure of Stanbic IBTC Bank PLC has changed in accordance with the Regulation on the Scope of Banking Activities and Ancillary Matters issued by the Central Bank of Nigeria in September 2010. 

The change means that we will have to delist Stanbic IBTC Bank from the daily official list of The Nigerian Stock Exchange (NSE). To facilitate the delisting, on 08 November 2012 the NSE placed the shares of Stanbic IBTC bank on full suspension.

The issued and fully paid share capital of the new Stanbic IBTC Holdings PLC will be listed on the exchange within two weeks. The shares will then trade under the name Stanbic IBTC Holdings PLC.

The change only impacts on how we are organised, however it does not change the strategy of the group, the scope of services provided or the ambition to become a leading end-to-end financial solutions provider in the Nigerian market. 

Mrs. Sola David-Borha, Chief Executive Officer of Stanbic IBTC Holdings has stated that the new structure will consolidate the strengths and expertise of different business unit and enhance the group’s ability to drive future growth. This will guarantee significant benefits to shareholders, employees and customers.

“With the completion of a holding company structure, Stanbic IBTC proceeds to a new stage of growth. The ultimate goal is to become Nigeria’s leading end-to-end financial solutions provider by leveraging the global network of Standard Bank Group, Africa’s biggest banking group in terms of total assets and earnings, to which Stanbic IBTC belongs," she said.


Sola David- Borha


Yinka Sanni

Deputy CEO

Kayode Solola

Executive Director, Corporate and Investment Banking

Obinnia Abajue

Executive Director, Personal and Business Banking

Wole Adeniyi

Executive Director, Business Support

Rotimi Adojutelegan

Acting Head, Risk & Compliance

Isioma Ogodazi

Head, Human Resources

Kasongo Kandolo

Head, Credit

Angela Omo-Dare

Head Legal

Chidi Okezie

Group Company Secretary

Ademola Sogunle

CEO, Stanbic IBTC Pension Managers Limited

Ronald Pfende

Group Finance Controller

Olumide Oyetan

CEO, Stanbic IBTC Asset Management Limited

Oladele Sotubo

CEO, Stanbic IBTC Stockbrokers Limited

Eric Fajemisin

Executive, Director Investment & Support, SIPML

Adesola Adegbesan

Head, Global Market

Samuel Ocheho

Head, Global Markets Regional Trading

Alubani Sibanda

Head, Corporate Banking Coverage

Dele Kuti

Head, Oil & Gas (IB Coverage)

Aishah Ahmad

Head, High Net-Worth Individuals

Yewande Sadiku

Head, Investment Banking

Olu Delano

Head, Leverage & Acquisition Finance

Niyi Adeleye

Head, Property Finance

Segun Sanni 

Head, Investor Services

Babatunde Macaulay

Head, Transactional Products and Services (TPS)

Olu Ajayi

Head, Trade Finance

Adebayo Adesina

Group Head, Public Sector

John Smit

Head, Products & Strategy

Mathys Buitendag

Head, Business Banking

Ayo Adio

Head, Personal Banking Distribution

Hentie Stemmet

Head, Vehicle And Asset Finance

Jacques Taylor

Head, Specialized Finance

Delein Van Schalkwyk

Head, Operations

Leye Babatunde

Head, Information Technology

Barene Beard

Head, Marketing & Communication

Anne Rinu

Head Property & Premises

Abas Alhassan

Head, Internal Audit

Adenrele Adesina

Head, Research


       Sola David – Borha (CEO)

Phone 0700 2255 782 6242, 234 1 422 6000, 234 01 271 7739
Address IBTC Place Walter Carrington Crescent Victoria Island, Lagos P O Box 71707


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