Stanbic IBTC Appoints Chukwuma Nwokocha as New Group Chief Executive
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Stanbic IBTC Holdings Plc has announced the appointment of Mr. Chukwuma Nwokocha as the substantive Group Chief Executive, following the completion of all regulatory approvals. The appointment took effect immediately, marking a new chapter for the financial services group.
Mr. Nwokocha takes over from Dr. Adekunle Adedeji, who served as Acting Chief Executive during a successful transition period. Dr. Adedeji will continue in his role as Executive Director and Chief Finance and Value Management Officer.
Chairman of Stanbic IBTC Holdings Plc, Mrs. Sola David-Borha, said the board was delighted to confirm Mr. Nwokocha’s appointment, highlighting his proven expertise in governance, financial oversight, strategic transformation, and regulatory engagement. She also praised Dr. Adedeji’s leadership, under which the group recorded its best financial performance since inception and completed a successful rights issue programme. This ensured that Stanbic IBTC Bank met the Central Bank of Nigeria’s recapitalisation requirements ahead of the March 2026 deadline.
Nwokocha brings over 30 years of executive leadership across Africa’s financial sector. A chartered accountant, he has held several board-level positions in leading institutions, including Chief Executive of Standard Bank Mozambique. His career reflects expertise in retail and corporate banking, governance, and mergers and acquisitions.
The board expressed confidence that his leadership will drive Stanbic IBTC’s long-term growth strategy and strengthen its position as one of Nigeria’s leading financial institutions.
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