The board of directors of Stanbic, with the endorsement of the Bank of Ghana, appoints the Executive Director of Corporate and Investment Banking, Kwamina Asomaning, as the new Chief Executive.
Mr. Kwamina Asomaning takes over from Mr. Alhassan Andani, who retires on the 30th of November 2020, having spearheaded the affairs of the bank for 14 years.
Serving as a board member for the past 10-years during Mr. Andani’s tenure, Mr. Asomaning begins his term of office on the 1st of December this year.
Mr. Kwamina Asomaning joined the Stanbic bank in 2010 and is in charge of the strategic and day-to-day management oversight for the bank’s Corporate Banking, Global Markets, Transactional Banking, and Investment Banking business units. Also, he is responsible for client origination and strategy, asset allocation, and short and long-term funding.
“I am very happy to have worked with an amazing team for close to a decade and a half to achieve many of our targets. We overhauled our bank and rose to the very top of the industry,” Mr. Andani remarked.
“We are a family that looked after one another to achieve greatness thereby placing Stanbic at the pinnacle of excellence in banking. Our clients believe in what we do and have helped to spread our footprint across the country by embracing our products and services”.
“The size of our operation and the staff strength grew in leaps and bounds during these 14 years from a two-branch operation with 150 staff to 40 branches with over 1600 staff. It could only have happened with a team of committed and dedicated colleagues. And I thank them for such support.”
Highlighting his achievements at the bank, Mr. Andani together with his team picked up nearly all the highly coveted industry awards, including the Ghana Club 100 number one company ranking, the Chartered Institute of Marketing-Ghana (CIMG) Bank of the Year, Marketing Oriented Company of the Year, Product of the Year, Africa Banker, and EMEA Finance magazine awards.
Mr. Andani further intimated that “as with all races, it is now time to hand over the torch to my successor who will see Stanbic Bank into the next level of banking excellence. I have worked with Kwamina for a decade, and I am happy to have him push Stanbic to the next stage. His ability and work ethic will stand him in good stead as an excellent Chief Executive”.
The Board Chairman, Professor Ernest Aryeetey, giving his remarks on the appointment, stated that “the board is grateful to Andani for his contributions to the bank’s growth. He is leaving at a time when Stanbic is well-positioned to contribute to the nation’s economic development. Andani led the bank with dedication and integrity to transform Stanbic into its current enviable position as a market leader that grows its people.”
“The Board believes Kwamina is the right candidate to carry the mantle of Andani to the next level. He has extensive exposure across the business, and we are of the firm conviction that he will serve this bank very well,” Professor Aryeetey opined.
Kwamina Asomaning acknowledging his new position pronounced that “I am humbled and honoured to be selected by the Board of the Bank as the next CEO. I have spent the past 10-years working closely with Alhassan Andani, and I thank him for his visionary leadership, which has positively transformed the bank”.
“In this next chapter, I commit to advancing the Bank’s focus on delighting its clients, contributing to national development, and giving back to society. I look forward to working collaboratively with all our stakeholders to deliver Stanbic’s purpose, which is to drive the growth of Ghana, our home” Mr. Asomaning pledged.