Sterling Bank Appoints Abubakar Suleiman As New MD


Enterprise Television- Sterling Bank Appoints Abubakar Suleiman As New MD

Sterling Bank Plc has appointed Abubakar Suleiman as its new Managing Director/ Chief Executive Officer, CEO.

The new bank Chief was before his appointment, the bank’s Executive Director, Finance & Strategy, a role he has served in since May 2012.

He will replace current CEO, Yemi Adeola, who has notified the Board of Directors of his desire to retire with effect from April 1, 2018 after over 14 years of service.

In July 2003, he became the Deputy Managing Director (DMD) of the bank’s legacy component, Trust Bank of Africa Limited.

He was instrumental to the formation of Sterling Bank in 2006, served as Integration Director in the immediate post-merger phase and up until 2007 as Executive Director covering Commercial & Institutional Banking and later Corporate Banking prior to becoming CEO.

A statement by the Chairman of the Board of Directors, Sterling Bank Plc, Asue Ighodalo, stated: “In 2008, Adeola was appointed to the role of substantive CEO. Since that appointment, he has overseen a period of strong growth in market share and profitability with the institution moving from the 23rd ranked bank measured by assets to the top half of the domestic banking market”.