In no doubts of its impressive gender based opportunity, Stanbic IBTC Holdings has announced the promotions of several of its women to top executive roles across the Stanbic IBTC Group.
These included the promotions of Wunmi Ehis-Uzenabor as Executive Director, Operations, Stanbic IBTC Asset Management; Busola Jejelowo as Executive Director, Investments, Stanbic IBTC Asset Management; Emi Agaba-Oloja, Executive Director, Stanbic IBTC Trustees; and Sakeenat Bakare, Executive Director, Business Development, Stanbic IBTC Insurance.
These promotions which were in line with Stanbic IBTC’s corporate governance structure and succession policy further showcased the financial institution’s posture as an equal opportunity organisation. Both male and female employees have the privilege to rise as far as their skill, talent and dedication permit them”.
Stanbic IBTC has always been forward-looking in terms of its recruitment and succession policies. Having held the belief that females are as talented as their male counterparts and can contribute immensely to businesses and the society’s growth if given equal opportunity, the belief was underscored at the commencement of operations by Stanbic IBTC many decades ago.
Over 30 years ago, when Atedo Peterside conceived the idea to establish an investment bank, one that would be matched as the best in the industry and transform the investment and corporate banking landscape in years to come, he realised the importance of engaging the best hands and minds. He set to work to achieve that and opted for a gender-balanced workforce as he employed as many females as males in senior management roles.
Sola David-Borha was appointed Head, Credit and Marketing Department; Oluwande Muoyo was appointed head of the Treasury and Financial Services Department, and Angela Omo-Dare became the Company Secretary and Head, Legal Services of legacy IBTC.
These appointments were against the grain. At that time, the financial services industry, particularly the investment and corporate banking sector was male-dominated, with C-suite and D-level executives being mostly men. Atedo was, however, determined to redefine the industry, and he knew that only the best would help him achieve his objectives, irrespective of gender.
Thus, he built a reliable team consisting of both male and female players. The tradition was established at the commencement of the business to give both genders equal opportunity in recruitment, on-the-job training, human capital development, promotions, and remuneration.
Sola David-Borha rose through the ranks to become the Chief Executive of the bank and later of the Holding Company before moving on to a higher role with the mother brand, Standard Bank Group. Yewande Sadiku rose to become Chief Executive of Stanbic IBTC Capital, the Group’s investment banking arm and later Executive Director, overseeing Corporate and Investment Banking at Stanbic IBTC Bank Plc before she took up a government appointment. Bunmi Dayo-Olagunju was also Chief Executive of Stanbic IBTC Asset Management before becoming the Executive Director, Operations of the bank. Other top females in the Group included the Chief Executive of Stanbic IBTC Stockbrokers, Titi Ogungbesan; an Executive Director with the pension subsidiary, Nike Bajomo; Oyinda Akinyemi and Olusola Carrena as Executive Directors in Stanbic IBTC Capital, among others. Today, the Stanbic IBTC workforce is highly symbolic with 57% men and 43% women.