The sterling bank has appointed a Non-Executive Director of the Bank, Manish Singhal. This was revealed in a statement issued by the bank to Nigerian Exchange Limited.
The statement signed by Company Secretary and Chief Legal Counsel Temitayo Adegoke, further revealed that the appointment was made with the CBN’s approval.
What To Know About Sterling Bank’s New Executive Director
Manish Singhal, an Indian Director from a top foreign shareholder, has over 26 years of experience in the Financial Service Industry.
He has been appointed to different managerial positions ranging from General Manager Operations), at International Banking Group (IBG), to State Bank of India (SBI) where he supervises the Operations and Information Systems to mention a few.
He also supervises the implementation of IT-related policies and the activities relating to the IT infrastructure of SBI, among other responsibilities.
Singhal had previously worked as a full-time Director and Chief Financial Officer at SBICAP Securities Limited, a subsidiary and broking arm of the State Bank of India. During his career at SBI, Singhal has held several other positions.
He is also very vast in Business Development, Risk Management, Compliance, Customer Service, Human Resources, Administration, and Products Development.
He is a certified mathematician having bags a Master of Science in Mathematics from Garhwal University and is a Certified Associate of the Indian Institute of Bankers (CAIIB).
In Other News
Sterling Bank has denied the allegation laid against them by the Independent Corrupt Practices Commission (ICPC). According to reports, the ICPC discovered the sum of N258 million stashed in the vault at the Abuja regional office of Sterling Bank.
In the statement shared by the bank, it claimed that the media and the government are in cahoots to tarnish the financial institution’s reputation by using false accusations.
“The news media and the government are entwined in a vicious circle of mutual manipulation, mythmaking, and self-interest. The two institutions have become so ensnared in a symbiotic web of lies that the news media cannot tell the public what is true, and the government cannot govern effectively.”
The matter however is still under investigation.
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