Sola David-Borha

Last updated
Sola David-Borha
Sola David-Borha - 2020 (cropped).jpg
David-Borha in 2020
Born
Olusola Adejoke

Accra, Ghana
NationalityNigerian
Education
Occupation(s)CEO of African Regions, Standard Bank
Board member of Nigerian Economic Summit Group
University of Ibadan Business School
Redeemer's University
Coca-Cola HBC AG
SpouseMarried

Olusola "Sola" Adejoke David-Borha, is the chief executive (CEO) of Africa Regions at the Standard Bank Group since January 2017. [1] [2] [3] She was the CEO of Stanbic IBTC Holdings until January 2017 and was deputy CEO and executive director of corporate & investment banking. She was the CEO of Stanbic IBTC Bank Plc from May 2011 to November 2012, and was head of investment banking for Africa (excluding South Africa). She is the vice chairman of the Nigerian Economic Summit Group since 2015. She joined the board of IBTC in July 1994. [4] She has been a non-executive director of Coca-Cola HBC AG since June 2015. She was a director at Stanbic IBTC Holdings PLC from 1994 to March 2017. She is a member of the governing council of the Redeemer's University. [5]

Contents

Early life and education

David-Borha was born in Accra, Ghana to a diplomat father, which meant the family travelled a lot. The family returned to Nigeria when she was about 10 years old. Sola undertook her primary and secondary education in Nigeria before completing her studies at the University of Ibadan, Nigeria with a bachelor's degree in economics in 1981. [6] She then proceeded to pursue an MBA from the Manchester Business School in 1991. Her executive education includes the Advanced Management Program at Harvard Business School and the Global CEO Program jointly offered by Wharton, IESE and CEIBS. [7]

She is an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN). [7]

Career

David-Borha began her career at NAL Merchant Bank (now Sterling Bank), then affiliated with American Express from 1984 to 1989, [8] before joining a boutique investment banking firm, IBTC, which was merged with two commercial banks to become IBTC Chartered in 2005. In 2007, Standard Bank Group acquired IBTC and became known as Stanbic IBTC Holdings, where she was deputy chief executive of the bank (Stanbic IBTC Bank) and head of international banking coverage in Africa (excluding South Africa), becoming chief executive of Stanbic IBTC Bank in 2011 and chief executive of Stanbic IBTC Holdings in 2012. In January 2017, she took up the position as the chief executive of the Standard Bank Group. [6] [9]

She is a non-executive director of CR Services Credit Bureau PLC and the University of Ibadan Business School. She joined the board of IBTC in July 1994. [4] She has been a non-executive director of Coca-Cola HBC AG since June 2015. She is a director of Fate Foundation, Redeemer's International Secondary School. [10] She is a member of the governing council of the Redeemer's University. [5]

In September 2020, Stanbic IBTC Holdings appointed David-Borha as a non-executive director. [11]

On 15 April 2021, David-Borha retired after 31 years at Stanbic IBTC, and was replaced as CEO Standard Bank Africa Regions, by Yinka Sanni, hitherto the CEO of Stanbic IBTC Holdings Plc. [12]

Awards and recognitions

She was named Business Woman of the Year for the West Africa region in 2016 at the All Africa Business Leaders Awards. She was also named Business Woman of the Year for Africa. [6] [8]

Personal life

David-Borha is a devout Christian and a pastor at the Redeemed Christian Church of God - City of David in Lagos, Nigeria. She is married to Mr David-Borha and a mother of three children. [8] [6]

Related Research Articles

<span class="mw-page-title-main">Standard Bank</span> Bank in South Africa

Standard Bank Group Limited is a major South African bank and financial services group. It is Africa's biggest lender by assets. The company's corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg.

<span class="mw-page-title-main">First Bank of Nigeria</span> Nigerian multinational bank

First Bank of Nigeria is a multinational bank and financial services company with headquarters in Lagos, Nigeria. First Bank was founded in 1894, by Sir Alfred Jones, but is currently owned by FBN Holdings PLC, which in itself has diversified ownership with over 1.3 million shareholders.

<span class="mw-page-title-main">First City Monument Bank</span> Nigerian bank

First City Monument Bank (FCMB), a member of FCMB Group Plc, is a financial services holding company headquartered in Lagos. FCMB Group Plc has nine subsidiaries divided among three business groups: commercial and retail banking, investment banking, and asset and wealth management. As of December 2020, the group's total assets were valued at US$5 billion.

Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a Kenyan financial services organization with headquarters in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. The institution is licensed and governed by the Central Bank of Kenya, the national banking regulator.

Stanbic IBTC Holdings, commonly referred to as Stanbic IBTC, is a financial service holding company in Nigeria with subsidiaries in Banking, Stock Brokerage, Investment Advisory, Asset Management, Investor Services, Pension Management, Trustees Insurance Brokerage and life Insurance businesses. The company's newly opened corporate headquarters, Stanbic IBTC Towers, is situated at Walter Carrington Crescent, Victoria Island, Lagos. Stanbic IBTC Holdings is a member of the Standard Bank Group, a financial services giant based in South Africa. Standard Bank is Africa's largest banking group ranked by assets and earnings, operations in 20 African countries and 13 countries outside Africa.

Patrick Mweheire is a Ugandan investment banker and bank executive. He is the regional group managing director and regional group chief executive of Standard Bank Group for Eastern Africa. He took up this position on 1 March 2020.

Philip Odera is an economist, businessman and bank executive in Kenya, the largest economy in the East African Community. He is the current designate managing director and chief executive officer of CfC Stanbic Bank Limited, a Kenyan financial institution, with total assets valued at approximately US$2 billion, as of December 2013. Prior to that, from 2007 until 2014, he served as the CEO and managing director of Stanbic Bank Uganda, the largest commercial bank in Uganda.

Adesola Kazeem Adeduntan is a Nigerian business executive. He was the managing director and chief executive officer of First Bank of Nigeria Limited and Subsidiaries a position to which he was appointed from his former role as group chief financial officer and an executive director with the bank. He began his career with Afribank Nigeria Plc. in 1994, after which he worked with KPMG Professional Services, Citibank Nigeria, and the Africa Finance Corporation (AFC) before joining FirstBank in July 2014.

Atedo Peterside is a Nigerian entrepreneur, investment banker, and economist. He is the founder of Stanbic IBTC Bank Plc, Anap Business Jets Limited, and the Atedo N. A. Peterside Foundation.

<span class="mw-page-title-main">Aishah Ahmad</span> Nigerian accountant (born 1976)

Aishah Ndanusa AhmadCFA is a Nigerian accountant and finance professional. She is a former deputy governor of the Central Bank of Nigeria having been appointed on 6 October 2017, replacing Sarah Alade, who retired in March 2017. She was confirmed by the Nigerian Senate on 22 March 2018. On 6 December 2022, Ahmad was reappointed deputy governor for a second five-year term and subsequently confirmed by the Senate on 14 December 2022. However, on 15 September 2023, she was removed from office by President Bola Tinubu alongside three other deputy governors for alleged corporate governance failures at the Central Bank of Nigeria.

Harriet-Ann Omobolanle (Bola) Adesola is the senior vice-chairman at Standard Chartered Bank Group where she was previously the CEO of Standard Chartered Bank for Nigeria and West Africa. Adesola has over 33 years of experience in the banking sector.

Ademola Adebise is the previous Managing Director of Wema Bank Plc. handing the baton over to Moruf Oseni.

<span class="mw-page-title-main">Toyin Sanni</span> Nigerian businessperson

Oluwatoyin Sanni or Toyin Sanni is a Nigerian investment banker, lawyer, chartered secretary, stockbroker, and author. In June 2018, she resigned from United Capital. where she was Group CEO for over four years and in July 2018, she became the CEO of Emerging Africa Capital

Anne Juuko, is a Ugandan investment banker and corporate executive, who was appointed by Standard Bank Group as the Regional Head of Global Markets in the group's Eastern African region, covering South Sudan, the Democratic Republic of the Congo, Uganda, Kenya, Tanzania, Malawi and Zambia. Her appointment took effect on 1 April 2024. Her work station is located in Nairobi, Kenya. Before that, from 1 March 2020 until 31 March 2024, she was the managing director and chief executive officer of Stanbic Bank Uganda Limited, the largest commercial bank in the country, by assets, valued at US$1.6 billion as of June 2019. She took up this appointment on 1 March 2020.

Modupe Olusola is a Nigerian business executive. She is the Managing Director and Chief Executive Officer of the Nigeria-based Hospitality company, Transcorp Hotels plc, subsidiary of the Nigerian conglomerate, Transnational Corporation of Nigeria.

Yinka Sanni, is the chief executive officer (CEO) of Africa Regions at the Standard Bank Group since April 2021. Immediately before his present position, he served as the chief executive officer at Stanbic IBTC Holdings Plc., from 2017 until April 2021. His appointment was effective on 15 April 2021.

Grace B. Muliisa, is a Ugandan banker and corporate executive, who in August 2021, was appointed as the managing director and chief executive officer of Ecobank Uganda Limited, a commercial bank in the country. Prior to that, she was the Head Personal and Business Banking at Stanbic Bank Uganda Limited, the largest commercial bank in Uganda by assets.

Yewande Sadiku is a Nigerian investment banker and former public servant. She was the executive secretary and CEO of the Nigerian Investment Promotion Commission from 8 November 2016 to 24 September 2021.

Pearl Nkrumah,, is a Ghanaian businesswoman, lawyer, banker and corporate executive, who is the executive director at Access Bank Ghana Plc, a commercial bank, effective February 2022. She is the first woman to serve in that position, since the commercial bank was founded in 2009.

References

  1. ↑ Asu, 'Femi (3 July 2018). "Nigeria'll be among biggest beneficiaries of AfCFTA – David-Borha". Punch. Retrieved 11 February 2019.
  2. ↑ Financial Nigeria (27 January 2017). "Sola David-Borha appointed CEO of Standard Bank's Africa subsidiaries". Financial Nigeria. Retrieved 11 February 2019.
  3. ↑ Ojo, Omolola (10 April 2018). "STANDARD BANK TARGETS SENEGAL AS PART OF EXPANSION INTO FRANCOPHONE WEST AFRICA". The Nerve Africa. Retrieved 11 February 2019.
  4. 1 2 Staff Writer (2 February 2017). "Sola David-Borha appointed Standard Bank Group Africa CEO, Yinka Sanni appointed Stanbic IBTC Holdings CEO & Demola Sogunle appointed Stanbic IBTC Bank CEO". African Business Central. Retrieved 11 February 2019.
  5. 1 2 Alex, Remmy (29 January 2017). "Nigeria's Sola David-Borha Appointed As Standard Bank Chief Executive". Nigerian Bulletin. Retrieved 11 February 2019.
  6. 1 2 3 4 Muir, Toni (13 December 2017). "Meet Standard Bank's new African Regions boss, Sola David-Borha". CFO South Africa. Retrieved 11 February 2019.
  7. 1 2 "Sola David-Borha, Standard Bank Group Ltd: Profile and Biography - Bloomberg Markets". Bloomberg.com. Retrieved 2020-01-15.
  8. 1 2 3 Odusanya, Rachael (4 February 2018). "Successful businesswoman Sola David Borha: facts about her career and personal life". legit.ng. Retrieved 11 February 2019.
  9. ↑ Tijani, Mayowa (25 January 2017). "David-Borha resigns as CEO Stanbic IBTC Holdings, moves to Standard Bank". The Cable. Retrieved 11 February 2019.
  10. ↑ MarketScreener. "Olusola Adejoke David-Borha - Biography". Marketscreener.com. Retrieved 2020-01-15.
  11. ↑ Chidi Emenike (September 25, 2020). "Stanbic IBTC Holdings Plc appoints Sola David-Borha as Non-Executive Director".
  12. ↑ The Zimbabwe Herald (19 April 2021). "Standard Bank Group promotes Sanni". The Herald (Zimbabwe) . Harare. Retrieved 22 April 2021.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.