The Board and Management of Standard Chartered Bank yesterday appointed Lamin Manjang as Chief Executive Officer (CEO) Nigeria and West Africa.
Manjang succeeds Bola Adesola who was Nigeria CEO for the bank.
Adesola was also appointed as Senior Vice-Chairman, Africa effective immediately following statutory and regulatory approvals.
Manjang joined the bank in 1999 and has over the past 19 years, built up extensive experience including Cluster CEO for Kenya and East Africa, and CEO in Oman, Uganda and Sierra Leone.
In this new capacity, Adesola will be responsible for supporting the execution of the Bank’s strategic intent within the Africa region, including representing Standard Chartered Bank on various Boards in Africa. She will also lead as the Group’s Senior Banker on key relationships and transactions.
Called to the Nigerian Bar in 1985, Bola has over 30 years of banking experience and expertise. Adesola is an Honorary Fellow of the Chartered Institute of Bankers Nigeria (CIBN), sits on the board of the Nigerian Interbank Settlement Systems Plc, and also chairs the Central Bank of Nigeria Bankers’ Sub-Committee on Economic Development, Sustainability and Gender.
Kariuki Ngari replaces Lamin as the Chief Executive Officer (CEO) Kenya, subject to statutory and regulatory approvals. Kariuki brings 23 years of banking experience, having served more recently as Group Head, Service Quality in Group Retail Banking. Prior to this, he was Global Head, Retail Distribution, Head of Consumer Banking Kenya and East Africa, and Regional Head, Retail Banking, Africa. The appointment of Cluster CEO, East Africa will be announced in due course.
Regional CEO, Africa and Middle East, Standard Chartered Bank, Sunil Kaushal said: “In Africa and Middle East we have made investments in our people both in their career and personal development, and continue to support our People Strategy to build a high-performance culture through an integrated approach to talent and succession planning. These changes ensure a smooth and orderly succession which will allow us to continue our unrelenting focus on delivering our strategy and capturing opportunities across the region”.