Standard Bank Group Limited has appointed Atedo Nari
Atowari Peterside as a non-executive director to its board as well as that of
Standard Bank of South Africa Limited.
With the appointment, which takes effect from
August 22, 2014, Peterside has promised to shed some of his private-sector
responsibilities in Nigeria in order to discharge his new overseas role
effectively.
Peterside, who is currently chairman of
Stanbic IBTC Bank plc, which is part of the Standard Bank Group, 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 also a member of both the National
Economic Management Team and the National Council on Privatisation.
Other appointments being held by Peterside
include directorships of Flour Mills of Nigeria plc, Nigerian Breweries plc,
Presco plc, Unilever Nigeria plc as well as chairmanship of Cadbury Nigeria
plc. He was also chairman of the Committee on Corporate Governance of Public
Companies in Nigeria.
Sola David-Borha, chief executive, Stanbic
IBTC Holdings plc, remarked that she was very pleased that Peterside, who is
the chairman and founder of Stanbic IBTC Bank plc, was joining the board of
directors of Standard Bank Group Limited as well as that of 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,”
David-Borha said.
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