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Sola David-Borha is a highly accomplished business leader who has made a significant impact in Africa.
She joined Standard Bank in 2010, and within a few years, she was appointed as the Chief Executive for Africa Regions.
David-Borha's leadership skills and expertise have been instrumental in driving Standard Bank's growth and expansion across the continent.
She has been instrumental in shaping the bank's strategy and has played a key role in driving its operations in Africa.
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Early Life and Education
Sola David-Borha was born in Accra, Ghana to a diplomat father, which meant the family travelled a lot.
Growing up in a family that moved frequently had a significant impact on her life.
The family returned to Nigeria when she was about 10 years old, which marked a significant turning point in her life.
Sola undertook her primary and secondary education in Nigeria.
She then proceeded to complete her studies at the University of Ibadan, Nigeria with a bachelor's degree in economics in 1981.
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After completing her undergraduate degree, Sola pursued 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.
She is also an honorary fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
Career
Sola David-Borha began her career at NAL Merchant Bank in 1984, which was affiliated with American Express at the time.
She worked there until 1989, before joining a boutique investment banking firm called IBTC in 1994.
David-Borha has been a non-executive director of IBTC since July 1994, and served on the board for many years.
In 2005, IBTC merged with two commercial banks to become IBTC Chartered, and David-Borha continued to play a key role in the company.
She eventually became the deputy chief executive of Stanbic IBTC Bank and head of international banking coverage in Africa (excluding South Africa) in 2007.
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In 2011, David-Borha was promoted to chief executive of Stanbic IBTC Bank, and in 2012, she took on the role of chief executive of Stanbic IBTC Holdings.
Just five years later, in 2017, she was appointed as the chief executive of the Standard Bank Group, a position she held until her retirement.
David-Borha was a non-executive director of Coca-Cola HBC AG since June 2015, and also served on the boards of CR Services Credit Bureau PLC and the University of Ibadan Business School.
In September 2020, Stanbic IBTC Holdings appointed her as a non-executive director, a role she held until her retirement in 2021.
David-Borha retired after 31 years at Stanbic IBTC in April 2021, and was replaced as CEO Standard Bank Africa Regions by Yinka Sanni.
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Awards and Recognition
Sola David-Borha has received numerous awards and recognitions for her outstanding work.
She was named Business Woman of the Year for the West Africa region in 2016 at the All Africa Business Leaders Awards.
This achievement is a testament to her dedication and commitment to excellence in her field.
Stanbic IBTC Holdings
Sola David-Borha is also the CEO of Stanbic IBTC Holdings, a leading financial services provider in Nigeria.
Stanbic IBTC Holdings is a member of the Standard Bank Group, one of Africa's largest banks by assets.
The company was established in 1989 and has since become a major player in Nigeria's financial sector.
Stanbic IBTC Holdings offers a wide range of financial services including corporate and investment banking, transactional banking, and wealth management.
Stanbic IBTC Holdings has a strong presence in Nigeria with a network of branches and agencies across the country.
The company's commitment to innovation and customer service has earned it numerous awards and recognition in the industry.
Under Sola David-Borha's leadership, Stanbic IBTC Holdings continues to grow and expand its services to meet the evolving needs of its customers.
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Sola David-Borha's Career
Sola David-Borha began her career at NAL Merchant Bank, which later became Sterling Bank, in 1984.
She spent five years at American Express from 1984 to 1989.
David-Borha joined IBTC in 1994, where she served on the board.
She rose through the ranks to become deputy chief executive of Stanbic IBTC Bank and head of international banking coverage in Africa.
In 2011, she was appointed chief executive of Stanbic IBTC Bank.
Two years later, in 2012, she took on the role of chief executive of Stanbic IBTC Holdings.
David-Borha became the chief executive of the Standard Bank Group in January 2017.
She has also served as a non-executive director of several organizations, including CR Services Credit Bureau PLC and the University of Ibadan Business School.
In September 2020, Stanbic IBTC Holdings appointed her as a non-executive director.
After 31 years of service, David-Borha retired as CEO of Standard Bank Africa Regions in April 2021.
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Frequently Asked Questions
Who is the chairman of Stanbic?
Mrs. Olusola David-Borha is the Chairman of Stanbic IBTC Holdings PLC, appointed effective September 26, 2024. She will lead the company's Board of Directors.
Who is the former CEO of Stanbic IBTC Bank?
David-Borha is the former CEO of Stanbic IBTC Bank, having served for 31 years before retiring in 2021. He was succeeded by Yinka Sanni, who took over as CEO of Stanbic IBTC Holdings Plc.
Sources
- https://en.wikipedia.org/wiki/Sola_David-Borha
- https://businesspost.ng/jobs/stanbic-ibtc-holdings-appoints-sola-david-borha-as-chairman/
- https://businessday.ng/features/article/ceo-in-focus-sola-david-borhas-long-road-to-stardom/
- https://cfo.co.za/articles/interview-standard-bank-african-regions-boss-sola-david-borha/
- https://sheleadsafrica.org/africa-should-set-its-sights-on-feeding-the-world/
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