Standard Chartered Bank Confirms Appointment Of New Nigerian CEO

SAN FRANCISCO, March 14, (THEWILL) – Standard Chartered Bank on Sunday said it has appointed Mrs. Bola Adesola as its new Chief Executive Officer, confirming THEWILL’s earlier exclusive report of February 10, 2011, that the board of the bank had settled for the banker, as its new chief executive.

“Bola’s deep knowledge of the Nigerian market, strong client and regulatory relationships, as well as broad banking experience will ensure the continued strengthening of Standard Chartered Bank’s franchise in Nigeria,” the bank said in its statement announcing Bola’s appointment.

Bola was a former Executive Director, Corporate Banking at First Bank of Nigeria Plc before she resigned her appointment alongside two other Executive Directors (ED) in July 2010.

A seasoned financial services expert, she had been Managing Director/Chief Executive of Kakawa Discount House Limited, a company she successfully repositioned from an essentially mono-product profile into a multi product enterprise.

She spent nine years in Citibank Nigeria (Nigeria International Bank, a member of Citigroup). She was also part of the start-up team for Citibank, Tanzania, Dar es Salaam where she served as pioneer Treasurer.

The new CEO holds a Law degree from the University of Buckingham, United Kingdom, and was called to the Nigerian Bar in 1985, the statement added.

Speaking on her new appointment, Bola said, “My priorities as CEO will be anchored on three main pillars: service excellence, performance excellence and leadership excellence.”

Mrs. Bola Adesola.