Sterling Bank Appoints Sulaiman Abubakar As New Managing Director

… Resumes’ April 1st, 2018

Following the expected retirement of Yemi Adeola the incumbent Managing Director of Sterling Bank Plc in March 31, 2018, the board of directors of the bank has announced the appointment of Suleiman Abubakar as the new Managing Director.

Abubakar will resume as the substantive head of the bank on April 1, 2018.

Abubakar currently serves as the Executive Director, Finance and Strategy at Sterling Bank. He was named Chief Financial Officer in 2012 and appointed to the Board in April 2014 with responsibility for the financial performance of the company; and directly oversight of the Finance e & Performance Management, Strategy & Innovation, Branding & Communication, and Human Resource Management Departments. He is also the executive sponsor of the Bank’s Non-Interest Banking business Sterling Alternative Finance.

He joined Sterling Bank the erstwhile Trust Bank of Africa in 2003 with responsibility for Treasury and Finance. Following the merger in 2006, he was appointed Group Treasurer; a position he held until 2011 when he assumed the role of Integration Director following Sterling Bank’s acquisition of Equitorial Trust Bank (ETB).

He began his career as an Experienced Staff Assistant if Arthur Andersen now KPMG Nigeria, before moving to MBC International Bank now First Bank as a Management Associate. He later worked in Citibank Nigeria in roles spanning Treasury and Asset & Liability Management. Abubakar earned a Bachelors degree in Economics at the University of Abuja, a Masters degree in Major Programme Management from the University of Oxford, and has attended various executive education programmes at INSEAD, Harvard, Wharton, and Said Business Schools.

However, the outgoing Managing Director Yemi Adeola, was appointed in February 2009. Prior to his appointment, he was Executive Director, Corporate and Commercial Banking. His retirement comes after 30 years of meritorious service in the Banking industry.

Photo Caption: Suleiman Abubakar Sterling Bank Plc Managing Director Designate