Sola David-Borha

Sola David-Borha
David-Borha in 2020
Born
Olusola Adejoke

Accra, Ghana
NationalityNigerian
Education
Occupation(s)Chairman, Board of Stanbic IBTC Holdings
Board member ofNigerian Economic Summit Group
University of Ibadan Business School
Redeemer's University
Coca-Cola HBC AG
SpouseMarried

Olusola "Sola" Adejoke David-Borha, is the former chief executive (CEO) of Africa Regions at the Standard Bank Group, a position she retired from in 2021. Currently, she is the Chairman of the Board of Stanbic IBTC Holdings. [1][2][3] She was the CEO of Stanbic IBTC Holdings until January 2017 and was deputy CEO and executive director of corporate & investment banking. She was the CEO of Stanbic IBTC Bank Plc from May 2011 to November 2012, and was head of investment banking for Africa (excluding South Africa). She is the vice chairman of the Nigerian Economic Summit Group since 2015. She joined the board of IBTC in July 1994.[4] She has been a non-executive director of Coca-Cola HBC AG since June 2015. She was a director at Stanbic IBTC Holdings PLC from 1994 to March 2017. She is a member of the governing council of the Redeemer's University.[5]

Early life and education

David-Borha was born in Accra, Ghana to a diplomat father, which meant the family travelled a lot. The family returned to Nigeria when she was about 10 years old. Sola undertook her primary and secondary education in Nigeria before completing her studies at the University of Ibadan, Nigeria with a bachelor's degree in economics in 1981.[6] She then proceeded to pursue an MBA from the Manchester Business School in 1991. Her executive education includes the Advanced Management Program at Harvard Business School and the Global CEO Program jointly offered by Wharton, IESE and CEIBS.[7]

She is an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN).[7]

Career

David-Borha began her career at NAL Merchant Bank (now Sterling Bank), then affiliated with American Express from 1984 to 1989,[8] before joining a boutique investment banking firm, IBTC, which was merged with two commercial banks to become IBTC Chartered in 2005. In 2007, Standard Bank Group acquired IBTC and became known as Stanbic IBTC Holdings, where she was deputy chief executive of the bank (Stanbic IBTC Bank) and head of international banking coverage in Africa (excluding South Africa), becoming chief executive of Stanbic IBTC Bank in 2011 and chief executive of Stanbic IBTC Holdings in 2012. In January 2017, she took up the position as the chief executive of the Standard Bank Group.[6][9]

She is a non-executive director of CR Services Credit Bureau PLC and the University of Ibadan Business School. She joined the board of IBTC in July 1994.[4] She has been a non-executive director of Coca-Cola HBC AG since June 2015. She is a director of Fate Foundation, Redeemer's International Secondary School.[10] She is a member of the governing council of the Redeemer's University.[5]

In September 2020, Stanbic IBTC Holdings appointed David-Borha as a non-executive director.[11]

On 15 April 2021, David-Borha retired after 31 years at Stanbic IBTC, and was replaced as CEO Standard Bank Africa Regions, by Yinka Sanni, hitherto the CEO of Stanbic IBTC Holdings Plc.[12]

Awards and recognitions

She was named Business Woman of the Year for the West Africa region in 2016 at the All Africa Business Leaders Awards. She was also named Business Woman of the Year for Africa.[6][8]

Personal life

David-Borha is a devout Christian and a pastor at the Redeemed Christian Church of God - City of David in Lagos, Nigeria. She is married to Mr David-Borha and a mother of three children.[8][6]

References

  1. ^ Asu, 'Femi (3 July 2018). "Nigeria'll be among biggest beneficiaries of AfCFTA – David-Borha". Punch. Retrieved 11 February 2019.
  2. ^ Financial Nigeria (27 January 2017). "Sola David-Borha appointed CEO of Standard Bank's Africa subsidiaries". Financial Nigeria. Retrieved 11 February 2019.
  3. ^ Ojo, Omolola (10 April 2018). "STANDARD BANK TARGETS SENEGAL AS PART OF EXPANSION INTO FRANCOPHONE WEST AFRICA". The Nerve Africa. Retrieved 11 February 2019.
  4. ^ a b Staff Writer (2 February 2017). "Sola David-Borha appointed Standard Bank Group Africa CEO, Yinka Sanni appointed Stanbic IBTC Holdings CEO & Demola Sogunle appointed Stanbic IBTC Bank CEO". African Business Central. Retrieved 11 February 2019.
  5. ^ a b Alex, Remmy (29 January 2017). "Nigeria's Sola David-Borha Appointed As Standard Bank Chief Executive". Nigerian Bulletin. Retrieved 11 February 2019.
  6. ^ a b c d Muir, Toni (13 December 2017). "Meet Standard Bank's new African Regions boss, Sola David-Borha". CFO South Africa. Retrieved 11 February 2019.
  7. ^ a b "Sola David-Borha, Standard Bank Group Ltd: Profile and Biography - Bloomberg Markets". Bloomberg.com. Retrieved 2020-01-15.
  8. ^ a b c Odusanya, Rachael (4 February 2018). "Successful businesswoman Sola David Borha: facts about her career and personal life". legit.ng. Retrieved 11 February 2019.
  9. ^ Tijani, Mayowa (25 January 2017). "David-Borha resigns as CEO Stanbic IBTC Holdings, moves to Standard Bank". The Cable. Retrieved 11 February 2019.
  10. ^ MarketScreener. "Olusola Adejoke David-Borha - Biography". Marketscreener.com. Retrieved 2020-01-15.
  11. ^ Chidi Emenike (September 25, 2020). "Stanbic IBTC Holdings Plc appoints Sola David-Borha as Non-Executive Director".
  12. ^ The Zimbabwe Herald (19 April 2021). "Standard Bank Group promotes Sanni". The Herald (Zimbabwe). Harare. Retrieved 22 April 2021.