Stanbic IBTC in capable hands, says Atedo Peterside

Outgoing Chairman of Stanbic IBTC Holdings PLC, Atedo Peterside, has
expressed confidence in the ability of the board, management and staff
to maintain the organization on a steady path of growth as he takes a
final bow from the institution that has become synonymous with his
name.

He spoke at a send-off dinner in his honour in Lagos, on Thursday,
April 20, 2017,attended by a high profile audience that included the
Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah;
Emir of Kano, Alhaji Muhammadu Sanusi II; President, Dangote Group,
Aliko Dangote; Chief Executive, Standard Bank Group, Sim Tshabalala;
Deputy Chairman, Standard Bank Group, Jacko Maree; and Chief
Executive, Africa Regions, Standard Bank Group, Sola David-Borha, with
the Chief Executive of Stanbic IBTC Holdings PLC, Yinka Sanni, playing
host.

Peterside stated, “I am resigning from the Board of Stanbic IBTC
Holdings PLC to focus on my role as member of the board of the parent
group. I am very confident that those behind are more than capable to
steer the ship in the right direction. I am comfortable in the part
that I have played and I believe that the organization will continue
to make progress.”

In a letter to the Board of Directors announcing his resignation
effective March 31, 2017, Peterside noted that the organization had
put in place a succession plan which ensures that the business is
well-placed to continue the pursuit of its goals and growth strategies
without hitches.

“We have a strong tradition of careful succession
planning at both Stanbic IBTC and the Standard Bank Group,” he stated,
adding, “Yinka Sanni, who has been the Chief Executive of Stanbic IBTC
Bank, recently took over as Chief Executive of Stanbic IBTC holdings
as a good show of our succession planning”.

Earlier in the day, superlatives flowed freely as Peterside was
eulogized for his integrity, professionalism and strong leadership
skills that helped in transforming Stanbic IBTC from just an
investment bank to a leading end-to-end financial solutions company
with tentacles in stockbroking, pension and asset management,
trusteeship, and insurance, among others.

“Atedo is a remarkable man. His word is his bond. He is a man that
understands that in any deal, a “win-win” is better than a “win-lose”.
He is well respected in my country (South Africa) and I am sure that
he is held in high regards here in Nigeria. He is a mentor that has
groomed very competent leaders. This is evidenced in the succession
planning that is playing out perfectly at Stanbic IBTC Holdings,” said
Maree, former chief executive of Standard Bank Group.

On his part, Alhaji Dangote said, “I think that Atedo has done well
for himself. I have served on many committees with him and have known
him to be fearless, especially when he is convinced that he is
standing by the truth. He is a man of integrity. I am sure that his
successor on the board will do well because of the solid foundations
that he has laid”.

The Emir of Kano traced his relationship with Peterside back to their
studentship at Kings College, a shared experience that groomed them
for leadership. “Over, the years, he has been a friend and a
supporter, giving advice and encouraging me all the way. I have known
him to be a consistently strict disciplinarian, hard on himself and
everyone around him, but also fair and objective. He always does the
right thing. I think that this is evident in the institution that he
has built. I wish him well,” the revered Emir stated.

According to Tshabalala, “Over the years, I’ve come to appreciate
Atedo’s style and the culture that he has created at Stanbic IBTC. I
have come to appreciate his immense value and be inspired by his
person. He has taught me the power of an integrated life. I have
observed the seamless way in which he operationalizes his knowledge of
Nigerian, African and Global financial services, his passion for good
corporate and civic governance, his family and national identity.”

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, a full
service financial services group with a clear focus on three main
business pillars – Corporate and Investment Banking, Personal and
Business Banking and Wealth Management. Standard Bank Group is the
largest African bank by assets and earnings. It is rooted in Africa
with strategic representation in 20 countries on the African
continent.

Standard Bank has been in operation for over 154 years and
is focused on building first-class, on-the-ground financial services
organizations in chosen countries in Africa and connecting other
selected emerging markets to Africa and to each other, applying sector
expertise, particularly in natural resources, power and
infrastructure.