Standard Bank Group- considered the continent’s, biggest lender by balance sheet size, has picked on Yinka Sanni as its new CEO for Africa Regions and a member of the Group Leadership Council.
Sanni, previously the Group’s Regional Chief Executive for West Africa, succeeds Sola David-Borha, who has retired after 31 years with the lender.
Sanni has a bachelor’s degree in Agricultural Economics and a Masters degree from the University of Nigeria and Obafemi Awolowo University in Nigeria, respectively.
He boasts of a career in the financial sector, spanning over 30 years of wholesale, retail, and asset management experience.
Sanni joined the Group’s Nigerian subsidiary, Stanbic IBTC Bank Plc, in December 1990.
Sola David-Borha will remain in the Group until the end of June to ensure a successful leadership transition and handover process.
Sanni’s appointment is effective from 15 April 2020.
Standard Bank Group Balance Sheet
South African-based Standard Bank Group is the largest African bank by assets, operating in 20 African countries and five global financial centres.
The Group’s largest shareholder is the Industrial and Commercial Bank of China (ICBC), the world’s largest bank, with a 20.1% shareholding. Besides, Standard Bank Group and ICBC share a strategic partnership that facilitates trade and deals flow between Africa, China and select emerging markets.
In 2020, the Group survived a tough business environment characterized by lock downs in major markets including South Africa.