Stanbic IBTC Hires Ex-Standard Bank Unit Head Nwokocha as GCEO
The Board of Stanbic IBTC Holdings Plc has announced the appointment of Chukwuma (Chuma) Nwokocha as the substantive group chief executive, with effect from 2 October 2025, following the receipt of all required regulatory approvals.
Nwokocha’s appointment follows the completion of Adekunle Adedeji’s tenure as acting chief executive, during which time the Board undertook a formal appointment process in accordance with regulatory requirements, according to a statement on Thursday.
Adedeji will continue in his role as executive director/chief finance and value management officer of the company, the lender said.
Sola David-Borha, chairman of the company, expressed the board’s delight at Nwokocha’s appointment, highlighting his “strong track record in board governance, financial oversight, strategic transformation as well as regulatory engagement”.
She extended the board’s appreciation to Adedeji for “his exemplary leadership and dedication; and for steering the affairs of the company and group during the transition period”.
“It is worthy of mention that under Dr Adedeji’s leadership, the group recorded its best financial performance since inception. The group also successfully completed its rights issue programme which ensured that its banking subsidiary met the Central Bank of Nigeria’s recapitalisation requirements ahead of the 31 March 2026 deadline,” she added.
Nwokocha, a seasoned banking executive and chartered accountant with over three decades of leadership experience across Africa, has held several chief executive and board-level roles in leading financial institutions including chief executive, Standard Bank, SA, the Mozambican subsidiary of the Standard Bank Group.
“His expertise spans retail and corporate banking, as well as mergers and acquisitions. The Board is confident that Mr. Nwokocha’s leadership would be instrumental in driving the growth strategy of Stanbic IBTC Group into the future,” Stanbic IBTC said.
