Our board Chairman, Mr Atedo Nari Atowari Peterside, was recently appointed to the board of our parent company, Standard Bank Group Limited as well as the board of The Standard Bank of South Africa Limited with effect from 22 August 2014.
This appointment was announced by the Chairman of Standard Bank Group, Mr. Fred Phaswana.
Speaking on the announcement, our Group CE, Sola David-Borha, remarked that she is very pleased that Mr. Atedo N.A. Peterside, Chairman and Founder of Stanbic IBTC Bank PLC is 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. The Board and Management of Stanbic IBTC wish him all the best as he takes on this additional role overseas.
She noted that Mr. Peterside is also a member of both the National Economic Management Team and the National Council of Privatization. She says, “As you are aware, Standard Bank is the biggest bank in Africa. Our strategy is to build the leading Africa-focused financial services organisation using all our competitive advantages to the full.
“We will also connect other selected emerging markets to Africa and to each other, applying our sector expertise, particularly in natural resources, globally. Our key differentiator is people who are passionate about our strategy wherever they are based in the world.”
Mr Peterside obtained a B.Sc. degree in Economics from The City University, London and M.Sc. in Economics from London School of Economics and 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.