Atedo Peterside, the founder of Stanbic-IBTC Bank, has announced his departure from the banking sector, marking the end of a distinguished 35-year career. Peterside made this announcement via his verified social media page, reflecting on his extensive journey.
“This has been an incredible 35-year journey that ends today, June 10, 2024. Every single day since Feb 2, 1989, I have been either the CEO, Chairman or Bank Director. All good things must come to an end. I give God the glory at age 68,” Peterside wrote.
Peterside’s exit follows more than three decades of significant contributions to the Nigerian banking industry. He is now set to focus on advocacy, charity, philanthropy, and human capital development through his foundation.
Peterside founded the Investment Bank and Trust Company (IBTC) in 1989 at the age of 33. The bank later evolved into Stanbic-IBTC Bank following a series of mergers. After steering the bank towards profitability and achieving his vision, he resigned in 2017. Post-resignation, Peterside directed his efforts towards Anap Jets Ltd, a company he founded in 2015.
He also holds board positions at The Standard Bank of South Africa Limited and Standard Bank Group Limited.
Known for his expertise in finance, economics, and business success, Peterside served as a member of the National Economic Management Team and the National Council on Privatisation. His family background, being the son of Pa Clement Atowari Peterside, an ophthalmologist and retired controller of Medical Services in the Old Rivers State, provided him with a robust educational foundation. He earned a B.Sc. in Economics from The City University, London, and an M.Sc. in Economics from the London School of Economics and Political Science.
