Sterling Bank appoints two new directors

Sterling Bank Plc has announced the appointment of Mrs Folasade Kilaso and Mr Michael Ajukwu to its Board of Directors.

According to a statement, Kilaso was appointed to the board as a non-executive director, while Ajukwu joined as an independent director in June following the approval of the Central Bank of Nigeria.

The Chairman, Board of Directors, Sterling Bank Plc, Mr Asue Ighodalo, said, “Ajukwu and Kilaso are respected business leaders with proven track record of performance and a very welcome addition to our board.

They bring with them invaluable experience, expertise and passion that will help the business deliver on its vision and commercial goals. I look forward to working with them at this exciting time as Sterling Bank breaks new grounds.”

A solicitor of the Supreme Court of England and Wales, Kilaso is a subject-matter expert in the areas of corporate and regulatory affairs in sectors that include banking, asset management, energy, real estate, insurance, immigration and risk management.

She has delivered on cross-border transactions for both local and international clients, according to the statement.

It said, “Currently serving as Principal Partner, Berkeley Legal, and Managing Director of Berkeley Training and Recruitment Services Limited, Mrs Folasade Kilaso is a qualified solicitor in the United Kingdom and in Nigeria.”

According to the statement, Ajukwu holds a B.Sc. in Finance from the University of Lagos and an MBA in Accounting and Finance from New York University.

“He is currently a non-executive director on the boards of Intafact Beverages Limited, Nigerian subsidiary of SABMiller in Nigeria; Mobax Nigeria Limited, a South African company; and Novotel. He is also a member of ACCOR (a French Hotel Group) and also an Independent Director on the board of Tiger Brands SA,” the statement added.

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