Lagos, Nigeria – Veteran banker Atedo Peterside has announced his retirement from the board of Standard Bank Group Limited after a remarkable 35-year career with the financial institution.
The news comes following the Standard Bank Group’s filing on the Johannesburg Stock Exchange (JSE) on April 18, 2024, which revealed Peterside’s intention to step down alongside Dr. Xueqing Guan. Their departures will be formalized at the conclusion of the upcoming Annual General Meetings (AGMs) for Standard Bank Group and The Standard Bank of South Africa Limited (SBSA).
Peterside, the founder and chairman of Stanbic IBTC Holdings Plc, a subsidiary of Standard Bank Group in Nigeria, has played a pivotal role in the institution’s growth over the past three and a half decades. Stanbic IBTC Holdings is a leading financial services provider in Nigeria.
A statement issued by the bank explains that both Peterside and Dr. Guan have chosen not to seek re-election, leading to their retirement from the boards and associated committees upon the conclusion of the AGMs.
The Standard Bank Group and SBSA boards expressed their deep appreciation to Peterside and Dr. Guan for their invaluable leadership and contributions throughout their tenures. They extended their best wishes to both individuals in their future endeavors.
