SOUTH AFRICA – Africa’s biggest lender by assets Standard Bank Group, has appointed Yinka Sanni as its new Chief Executive Officer for Africa regions and a member of the Group Leadership Council effective from 15 April 2021.
Sanni, previously the Group’s Regional Chief Executive for West Africa, succeeds Sola David-Borha, who has retired after 31 years with the lender.
Sanni has a bachelor’s degree in Agricultural Economics and a Masters degree from the University of Nigeria and Obafemi Awolowo University in Nigeria, respectively.
Yinka Sanni boasts of a career in the financial sector, spanning over 30 years of wholesale, retail, and asset management experience.
Sanni joined the Group’s Nigerian subsidiary, Stanbic IBTC Bank Plc, in December 1990.
Sola David-Borha will remain in the Group until the end of June to ensure a successful leadership transition and handover process.
South African-based Standard Bank Group is the largest African bank by assets, operating in 20 African countries and five global financial centres.
The Industrial and Commercial Bank of China (ICBC), world’s largest bank is the lender’s largest shareholder with a 20.1% shareholding.
“The group has over 50,000 employees, more than 1,100 branches and over 6,500 ATMs on the African continent”
Besides, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deals flow between Africa, China and select emerging markets.
In 2020, the Group survived a tough business environment characterized by lock downs in major markets including South Africa.
In a note to employees, Standard Bank Group chief executive Sim Tshabalala congratulated Sanni on his appointment and thanked David-Borha for her extraordinary contributions to the group.
“Sola was appointed as the chief executive of Africa regions in January 2017 and is one of the group’s most deeply expert and experienced bankers. Under her leadership, the Africa Regions portfolio has grown remarkably in capacity, market share and contribution to the group’s headline earnings” Tshabalala said.
Standard Bank Group operates in 20 African countries and 5 global financial centres. Headquartered in Johannesburg, South Africa, we are listed on the, with share code SBK, and the share code SNB.
The Johannesburg Stock Exchange and Namibian Stock Exchange listed lender, has a 158-year history in South Africa and started building a franchise outside southern Africa in the early 1990s.
The group has over 50,000 employees, more than 1,100 branches and over 6,500 ATMs on the African continent, which enable it to deliver a complete range of services across personal and business banking, corporate and investment banking and wealth management.
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