Nwokocha, a veteran banker and chartered accountant with over 30 years of experience in Africa’s financial sector, succeeds Dr. Adekunle Adedeji, who served as acting CEO during a transitional period. 

Adedeji will resume his role as Executive Director and Chief Finance and Value Management Officer.

Previously, Nwokocha held key leadership roles, including CEO of Standard Bank’s Mozambique operations, where he spearheaded growth and governance initiatives. 

His expertise covers retail and corporate banking, mergers and acquisitions, and regulatory compliance.Mrs. Sola David-Borha, Chairman of Stanbic IBTC Holdings, expressed confidence in Nwokocha’s ability to lead the group forward. 

“Chuma’s strategic vision and proven leadership will drive our growth and strengthen our position,” she said.

David-Borha also commended Adedeji for his impactful interim tenure, highlighting the group’s record-breaking financial performance and the successful completion of a rights issue, ensuring compliance with the Central Bank of Nigeria’s recapitalization requirements ahead of the March 2026 deadline.

Under Nwokocha’s leadership, Stanbic IBTC aims to maintain stability, execute its strategic goals, and deliver sustained value to shareholders in a dynamic economic landscape.

Stanbic IBTC, a subsidiary of Standard Bank Group, is a leading Nigerian financial services provider, offering banking, asset management, pensions, and investment services.