Stanbic IBTC Holdings PLC has announced the appointment of Mr. Chukwuma (Chuma) Nwokocha as its new substantive Group Chief Executive, effective October 2, 2025, following the receipt of all necessary regulatory approvals.
The company made the announcement on Thursday, October 2, 2025, in an official statement signed by its Company Secretary, Chidi Okezie.
This will mark a new chapter in the company’s leadership journey, as Mr. Nwokocha succeeds Dr. Adekunle Adedeji, who served as Acting Chief Executive during the transition period. Dr. Adedeji will continue in his role as Executive Director and Chief Finance and Value Management Officer of the Company.
Speaking on the development, Mrs. Sola David-Borha, Chairman of Stanbic IBTC Holdings, expressed the Board’s confidence in Mr. Nwokocha’s leadership capabilities, citing his extensive experience in board governance, financial oversight, strategic transformation, and regulatory engagement.
She said; “We are delighted to welcome Chuma Nwokocha as Group Chief Executive. His proven track record of driving performance and leading institutions through complex market environments makes him an ideal choice to steer Stanbic IBTC into its next phase of growth.”
Mr. Nwokocha brings over three decades of experience in the financial services industry across the African continent. A seasoned chartered accountant, he has held several high-level executive and board positions, including serving as Chief Executive of Standard Bank in Mozambique; a subsidiary of the Standard Bank Group. His leadership in retail and corporate banking, as well as in mergers and acquisitions, has earned him a reputation for strategic vision and operational excellence.
In the same announcement, the Board paid tribute to Dr. Adekunle Adedeji for his steady leadership during a crucial period. Under his stewardship, the Group recorded its highest financial performance since inception and successfully completed its Rights Issue Programme, ensuring that its banking subsidiary met the Central Bank of Nigeria’s recapitalization requirements ahead of the March 31, 2026 deadline.
“The Board extends its deep appreciation to Dr. Adedeji for his exemplary leadership and dedication during the transition period,” David-Borha added.
With this transition, Stanbic IBTC Holdings positions itself to continue its strategic growth trajectory under Mr. Nwokocha’s leadership, as the Group strengthens its foothold in Nigeria’s dynamic financial services landscape.
