“The boards of Standard Bank Group and SBSA express sincere gratitude to Dr Guan and Mr Peterside for their exemplary leadership and significant contribution during their tenure on the boards; and wish them well in their future endeavours’’
The founder of Stanbic IBTC Bank, Atedo Peterside, has retired as a non-executive director of the lender. Peterside who took to his X handle today stated that appreciated both lenders: Stanbic IBTC & @StandardBank ZA, saying “This has been an incredible 35-year journey that ends today, 10 June 2024.
“Every single day since February 2, 1989, I have been either the CEO, Chairman or a Bank Director. All good things must come to an end. I give God the glory at age 68.”
A shrewd businessman and banker, Atedo Peterside was the founder and chief executive of the then Investment Bank and Trust Company Limited (IBTC) from 1989 until 2007. He served as chairman of Stanbic IBTC Bank Plc (the bank) from 2007 until September 2014 and chairman of Stanbic IBTC Holdings Plc from 2012 until March 2017. Previously, he was the chairman of the committee on Corporate Governance of Public Companies which wrote the first Code of Best Practices for Public Companies operating in Nigeria (published 2003).
In a filling at Johannesburg Stock Exchange (JSE) dated 18 April 2024, by the parent company, Standard Chartered Bank, the lender disclosed that Dr Xueqing Guan and Mr Atedo Peterside will retire as directors after the Annual General Meetings (“AGMs’) of Standard Bank Group and The Standard Bank of South Africa Limited (“SBSA”). Stanbic IBTC Holdings PLC is a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria.
“As indicated in the SENS announcement dated 28 March 2024, the notice of the Standard Bank Group’s AGM will be published on 29 April 2024. “The boards of Standard Bank Group and SBSA express sincere gratitude to Dr Guan and Mr Peterside for their exemplary leadership and significant contribution during their tenure on the boards; and wish them well in their future endeavours”’ it further stated.
