By Ogbuotobo Chuks

In this world of today, one of the greatest and rarest things one can see is for a top leader to leave when the ovation is loudest. This however is what has taken place at IBTC, as Atedo Peterside has announced his departure from the executive management of the bank after about 18 years as CEO.

He however is not leaving completely, as he would take on the position of Chairman of board of the bank. According to sources, Peterside said that for him, the most appropriate time to retire was now, as the merger between IBTC Chartered Bank Plc and Stanbic Bank Nigeria limited was concluded.

IBTC was incorporated as a private company on February 2, 1989 and was licensed by Central Bank of Nigeria in 2001 to operate as a universal bank. The company was listed on the Nigerian stock exchange on April 25, 2005.

Atedo Peterside is the founder of Investment Banking & Trust Company (IBTC) in 1989 and acted as CEO from inception till his retirement.

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This entry was posted on Tuesday, October 30th, 2007 at 10:03 am and is filed under Stock Market News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.