Standard Bank Group, Africa’s largest bank, has appointed a Nigerian, Mr. Atedo Peterside, as non executive director to its board. The appointment took effect from August 22, 2014, a statement by the bank said.
Peterside is said to be the first non-citizen of South Africa to be appointed to the board of the bank. He is currently the Chairman of Stanbic IBTC Bank Plc, which is part of the Standard Bank Group
A statement by the bank read, “Standard Bank Group Limited is pleased to announce the appointment of Atedo Peterside as a non executive director to its board and the board of The Standard Bank of South Africa Limited with effect from 22 August, 2014.”
Peterside obtained a Bachelor of Science degree in Economics from The City University, London, and Master of Science in Economics from London School of Economics & Political Science. He also holds an Honorary Doctorate of Science.
Apart from being the Chairman of Stanbic IBTC Bank Plc, part of the Standard Bank Group, Peterside is a director of Flour Mills of Nigeria Plc, Nigerian Breweries Plc, Presco Plc, Unilever Nigeria Plc; and the Chairman of Cadbury Nigeria Plc.
He was the Chairman of the Committee on Corporate Governance of Public Companies in Nigeria.
The statement quoted the Chief Executive of Stanbic IBTC Holdings Pls, Mrs. Sola David-Borha, as saying that she was very pleased with the development.
She said it was a good development that Peterside, the Chairman and founder of Stanbic IBTC Bank Plc was joining the board of directors of Standard Bank Group Limited as well as the board of directors of The Standard Bank of South Africa Limited. Agency report
Right move in a positive direction for Nigeria; my thought!