Sola David-Borha
Sola David-Borha | |
|---|---|
| Born | Accra, Ghana |
| Occupation(s) | Business executive, banker |
| Years active | 1984–2021 |
| Known for | CEO for Africa Regions at Standard Bank Group; Chairman of the Board at Stanbic IBTC Holdings |
Olusola "Sola" Adejoke David-Borha served as the CEO for Africa Regions at the Standard Bank Group until her retirement in 2021. She currently holds the position of Chairman of the Board at Stanbic IBTC Holdings. Her previous roles include CEO of Stanbic IBTC Holdings until January 2017, deputy CEO and executive director overseeing corporate and investment banking, as well as CEO of Stanbic IBTC Bank Plc from May 2011 through November 2012. Additionally, she managed investment banking operations across Africa, excluding South Africa. Since 2015, she has acted as vice chairman of the Nigerian Economic Summit Group and has been a board member of IBTC since July 1994.
David-Borha has been a non-executive director at Coca-Cola HBC AG since June 2015 and was a director at Stanbic IBTC Holdings PLC from 1994 until March 2017. She also contributes as a member of the governing council at Redeemer's University.
Early life and education
Born in Accra, Ghana, David-Borha is the daughter of a diplomat, which led to frequent relocations during her childhood. Her family resettled in Nigeria when she was approximately ten years old. She completed both her primary and secondary schooling in Nigeria before obtaining a bachelor's degree in economics from the University of Ibadan in 1981. She pursued further education by earning an MBA from Manchester Business School in 1991. Her executive training includes the Advanced Management Program at Harvard Business School and participation in the Global CEO Program conducted by Wharton, IESE, and CEIBS. She is recognized as an honorary fellow by the Chartered Institute of Bankers of Nigeria (CIBN).
Career
David-Borha started her professional journey at NAL Merchant Bank (currently Sterling Bank), affiliated with American Express, where she worked from 1984 to 1989. She then joined IBTC, a boutique investment bank that later merged with two commercial banks to establish IBTC Chartered in 2005. Following the acquisition of IBTC by Standard Bank Group in 2007 and its rebranding as Stanbic IBTC Holdings, she was appointed deputy chief executive of Stanbic IBTC Bank and led international banking coverage across Africa, excluding South Africa. She advanced to become CEO of Stanbic IBTC Bank in 2011 and was promoted to CEO of Stanbic IBTC Holdings in 2012. In January 2017, she assumed the role of CEO for African Regions at Standard Bank Group.
Her non-executive directorships include CR Services Credit Bureau PLC and the University of Ibadan Business School. She has been part of IBTC’s board since July 1994 and has held a non-executive director role at Coca-Cola HBC AG since June 2015. Furthermore, she serves on the boards of Fate Foundation and Redeemer's International Secondary School, alongside her membership on the governing council at Redeemer's University Nigeria.
In September 2020, Stanbic IBTC Holdings named her as a non-executive director once again. After dedicating 31 years to Stanbic IBTC, David-Borha retired on 15 April 2021, with Yinka Sanni, former CEO of Stanbic IBTC Holdings Plc, succeeding her as CEO of Standard Bank Africa Regions.
Awards and recognitions
She earned the title of Business Woman of the Year for West Africa in 2016 during the All Africa Business Leaders Awards and was additionally honored as the Business Woman of the Year for the entire African continent.
Personal life
David-Borha practices Christianity devoutly and serves as a pastor at the Redeemed Christian Church of God - City of David located in Lagos, Nigeria. She is married and a mother of three children.