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Standard Chartered Bank today announced the appointment of
Dalu Ajene as the Chief Executive Officer of the Bank’s operations in Nigeria. The appointment of
Dalu, who has over 23 years’ experience in the global financial services sector, is a testament to
the Bank’s established culture of promoting excellence and assurance of its esteemed
stakeholders in the Nigerian financial industry.
“We are pleased to announce the appointment of Dalu as the Chief Executive Officer for Standard
Chartered Bank Nigeria Limited. With an extensive background in banking and finance, Dalu
brings a wealth of experience and expertise to lead our operations in Nigeria.
“As a leading international bank, Standard Chartered remains committed to driving economic
growth and supporting our clients in Nigeria. The Bank’s leadership will further strengthen our
presence in the region and enable us to continue delivering exceptional service and innovative
solutions to our customers,” Kariuki Ngari, the Bank’s Regional CEO, stated.
“Dalu brings a strong business and commercial leadership acumen to the new role. He has
managed several portfolios across multiple markets in Africa, the US, and the Middle East which
have helped to deepen his understanding and appreciation of the complex landscape of delivering
results across diverse markets,” the statement continued.
Dalu, who, until his latest appointment, was the Nigerian CEO of Rand Merchant Bank, is credited
with leading a strong and resilient business to double digit Profit Before Tax growth in 2023. He
led the team to achieve this with zero regulatory infractions, despite the prevalent macroeconomic
challenges. His experience and understanding of the Nigerian market are expected to give him an
edge in leading Standard Chartered Bank’s operations in Nigeria.
Speaking on joining the Bank, Dalu said, “I am deeply honored to join Standard Chartered Bank
Nigeria at this critical juncture of profound change and development in Nigeria. Our bank is an
important provider of trade finance, structured solutions, and development finance and we leverage
technology to deliver clientcentric services that embed trust with our customers and stakeholders.
Our teams are deeply experienced to navigate our dynamic environment to deliver value to our
clients. I am excited to work together with them to accelerate our activities across the Corporate &
Investment Banking business and Wealth & Retail business to serve our customers and
intermediate catalytic financing into the Nigerian economy. Ultimately, executing on this will
positively uplift the communities we operate in.”
Dalu holds a Bachelors’ Degree in Economics from Dartmouth college and an MBA from Harvard
Business School and is reputed as a leader passionate about driving a culture of highperformance centered around people empowerment to deliver best in class service to clients.
Dalu takes over from Lamin Manjang, the Vice Chairman Africa and Acting CEO who will be
retiring from the Bank after 25 years of service, having reached the mandatory retirement age.
INTERNAL
Kariuki, added: “. On behalf of the Bank, I would also like to thank Lamin for his meritorious years
of service to the Bank over the last 25 years and wish him the very best in retirement.”
We are a leading international banking group, with a presence in 53 of the world’s most dynamic
markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through
our unique diversity, and our heritage and values are expressed in our brand promise, here for good.
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.
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