Sterling Bank Appoints Abubakar Suleiman As New Managing Director
Sterling Bank Plc has appointed Mr. Abubakar Suleiman as its new Managing Director. Suleiman currently serves as the Executive Director, Finance and Strategy at Sterling Bank.
His appointment as MD takes effect from March 31, 2018 when the current MD, Mr. Yemi Adeola is expected to proceed on retirement.
The announcement was contained in a notice signed by its Chairman, Mr. Asue Ighodalo, to the Nigerian Stock Exchange (NSE) on Thursday in Lagos.
It stated that “Adeola was appointed Managing Director of the bank in February 2009. Prior to his appointment, he was Executive Director Corporate and Commercial Banking. His retirement comes after 30 years of service in the banking industry.”
It added that at a board meeting held on August 15, 2017, Abubakar Suleiman was appointed Managing Director/Chief Executive with effect from April 2018.
Suleiman was named Chief Financial Officer in 2012 and appointed to the Board in April 2014 with responsibility for the financial performance of the Company; and directly overseeing the Finance and Performance Management, Strategy and Innovation, Brand Management and Communication, and Human Resource Management Department.
He is also the executive sponsor of the Bank’s non-interest banking business (Sterling Alternative Finance).
Mr. Suleiman joined the Sterling Bank family (Trust Bank of Africa) in 2003 with responsibility for Treasury and Finance. Following the merger in 2006, he was appointed Group Treasurer; a position he held until 2011 when he assumed the role of Integration Director – tasked with managing and integrating Equitorial Trust Bank (ETB) into Sterling.
He began his career as an Experienced Staff Assistant at Arthur Andersen (now KPMG Nigeria), before moving to MBC International Bank (now First Bank) as a Management Associate. He later worked in Citibank Nigeria in roles spanning Treasury and Asset & Liability Management.
Mr. Suleiman earned a degree in Economics at the University of Abuja, a Masters degree in Major Program Management from the University of Oxford, and has attended various executive education programs at INSEAD, Harvard, Stanford, Wharton, and Said Business Schools.
RECOMMENDED ARTICLES
Comment
No comments found.