Stanbic IBTC Holdings PLC has announced the appointment of Chukwuma Nwokocha as its new Group Chief Executive Officer, marking a significant leadership transition for one of Nigeria’s leading financial institutions. The appointment takes effect following regulatory approvals and is part of the bank’s long-term strategy to strengthen its leadership bench and drive growth in Nigeria’s evolving financial services landscape.
Nwokocha, who succeeds Demola Sogunle, brings over two decades of banking and leadership experience across corporate banking, risk management, and financial services strategy. Prior to this appointment, he held senior leadership positions within the Standard Bank Group, Stanbic IBTC’s parent company, where he was recognized for driving innovation in client services and advancing digital transformation initiatives.
The announcement comes at a time when Nigeria’s banking sector is undergoing rapid change, fueled by regulatory reforms, digital disruption, and the growing demand for inclusive financial services. Industry analysts note that Stanbic IBTC’s choice of Nwokocha signals a strong commitment to innovation, risk management, and sustainability in an increasingly competitive environment.
Speaking on the appointment, the company reaffirmed its confidence in Nwokocha’s leadership, emphasizing his track record in building resilient teams and delivering long-term value to customers and shareholders. His leadership is expected to accelerate Stanbic IBTC’s digital banking strategy, expand financial inclusion initiatives, and deepen its role in financing Nigeria’s economic development.
With Nwokocha at the helm, Stanbic IBTC aims to strengthen its position as a leader in corporate and retail banking, asset management, pensions, and investment services, while also embracing emerging opportunities in fintech and digital-first solutions.
