JUST IN: Stanbic IBTC Founder, Atedo Peterside Bows Out In Style—-In 1989, at 33, when most of his peers were busy lavishing their parent’s wealth, Rivers State-born Atedo Peteside founded Investment Bank and Trust Company (IBTC), which later metamorphosed into Stanbic-IBTC Bank after a series of mergers over the years.
After running the affairs of the bank for years leading it to the path of profitability and also ensuring the bank livedup to his expectations, he resigned in 2017.
He later channelled his strength to Anap Jets Ltd, he founded in 2015. He also sits on the boards of The Standard Bank of South Africa Limited and Standard Bank Group Limited
Those close to the former member of the National Economic Management Team and member of the National Council on Privatisation disclosed that when it comes to finance, economics and business success, he is a walking encyclopaedia.
His family background as the son of Pa. Clement Atowari Peterside an ophthalmologist and a retired controller of Medical Services in the Old Rivers State ensured he had a sound education. He graduated from The City University, London with a B.Sc. in Economics and an M.Sc. in Economics from the London School of Economics and Political Science.
Last weekend, he announced his exit from banking business after over three decades and a half dedicating his wealth of experience to the Nigerian banking sector.
On his verified social media page, he wrote: “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.”
Sources say he is investing his time more in advocacy, charity, philanthropy and human capital development through his foundation.
