Standard Bank Group appoints Atedo Peterside non-executive director

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.

HOPE MOSES-ASHIKE