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Stanbic Bank names Kwamina Asomaning as its new Chief Executive

BY: Kweku Zurek
Mr Kwamina Asomaning (left)
Mr Kwamina Asomaning (left)

The Board of Stanbic Bank Ghana has named Mr Kwamina Asomaning as the successor to its outgoing Chief Executive Officer, Mr Alhassan Andani.

Mr Asomaning will take over from Mr Andani when her retires on November 30, 2020.

In a statement issued today, the bank said Kwamina Asomaning has been a long-serving senior executive and Corporate and Investment Banking Head in Andani’s team for the past 10 years.

"Andani, as Chief Executive since 2006, transformed Stanbic Bank from a fledgeling tier 3 bank into a profitable and highly regarded tier 1 bank, through vibrant, visionary and values-driven leadership," the statement said.

"Kwamina came to Stanbic Bank from Goldman Sachs where he was a Vice President – Leveraged Finance. Congratulations to Kwamina Asomaning and Alhassan Andani".

Since joining the bank in 2010, Asomaning has been involved in the strategic and day-to-day management oversight for the bank’s Corporate Banking, Global Markets, Transactional Banking and Investment Banking business units. His remit includes client origination and strategy, asset allocation, and short and long-term funding.

Asomaning is a board member of Stanbic Bank Ghana Limited, Stanbic Investment Management Services Limited and Chirano Gold Mines Limited. He holds an MBA in Finance from The Wharton School, University of Pennsylvania and a BSc in Business Administration from the University of Ghana Business School. He is a Chartered Certified Accountant (ACCA).

Previously, he served as Vice President, Leveraged Finance at Goldman Sachs between 2006 and 2009, and Associate, High-Yield Credit Research at JPMorgan Chase in the period 2004 – 2006.

Profile of Mr Alhassan Andani

Mr Alhassan Andani is the outgoing CEO of the Ghana Association of Bankers (GAB) and the Managing Director of Stanbic Bank.

He holds a Bachelor of Science degree in Agricultural Economics from the University of Ghana and a Master's degree in Banking and Finance from Fin Africa Institute in Milan.

Mr Andani is also an alumnus of the Oxford Strategic Leadership Programme, and holds an International Management Certificate from INSEAD, Chartered Bank.

He began his career at the then SSB Bank Limited in 1984, and rose through the ranks to become the Regional Project Manager in the Upper Region in 1987.

He was also appointed by Gold Fields Limited as an independent non-executive director at its Board of Directors on August 1, 2016.