Standard Chartered to see Africa executive changes - CNBC Africa

Standard Chartered to see Africa executive changes


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Standard Chartered's Africa division will see three executives changes. PHOTO: Reuters

Ebby Essoka, who is currently the chief executive officer (CEO) for South Africa and area general manager for Southern Africa, has been appointed as the vice chairman for Africa.

Standard Chartered has also appointed Richard Etemesi as the CEO of South Africa and Southern Africa.

Etemesi is currently the CEO of Kenya and East Africa. That post will be taken up by Lamin Manjang, who is currently CEO of Oman.  

“I am delighted to announce these three appointments.  In our 150 year history of doing business in Africa, there has never been a more exciting time to lead a bank on the continent.  Despite the global financial crisis, we have doubled the size of our African business over the past five years,” said Standard Chartered’s Africa region chief executive, Diana Layfield.

“Ebby, Richard and Lamin will drive our ambitious plans to invest over 100 million dollars over the next three years, as we open 110 new branches by 2015, while strengthening our products and services and developing our talented staff.”

Manjang and Essoka’s appointments will take effect from 1 January 2014. Etemesi will assume his new role in Southern Africa as soon as all the local regulatory requirements have been approved and concluded.