Subject to regulatory approval STANDARD CHARTERED BANK, Ghana would from August 01 have Mr. Kweku Bedu-Addo as its new Chief Executive.

He would be very first Ghanaian Chief Executive of the bank since it started operations in the country some 114 years ago.

Mr.Bedu-Addo who is STANCHART’s Head of Corporate Banking across Africa would replace Mr. Hemen Shah who is said to be moving on to pursue other personal interests in the UK after serving as Chief Executive of STANCHART Ghana since October 2008.

Mr. Bedu Addo joined Standard Chartered Bank Ghana Ltd. in 2000 as a Relationship Manager and rose through the ranks to become an international resource in January 2004, when he was appointed the Head of Corporate & Institutional Banking at Standard Chartered Bank Zambia plc.   

He was later appointed to the Bank’s Board in Zambia as the Executive Director for the Wholesale Bank, where he represented both the Corporate Bank and Global Markets Departments.

Under his stewardship, the business performance of the Wholesale Bank in Zambia raised several fold to become one of the Bank’s key markets in Africa.

In 2007, Mr. Bedu-Addo was appointed a Program Director at the Wholesale Bank Group’s Head Office in Singapore to head one of the Wholesale Bank’s strategic projects; a multi million global Client Relationship Management project.

 Also in 2007, Mr. Bedu-Addo was one of 22 individuals named globally as recipients of the Standard Chartered Bank Wholesale Bank Star Performer Award.

While in Singapore, he also chaired the committee tasked to internalize Sustainable Lending Principles across the Bank and represented the business in the wholesale bank credit risk and operational risk governance committees.

The Head of Corporate Affairs at STANCHART West Africa, Nii Okai Nunoo spoke to CITI BUSINEES.

“We wish to assure all our key stakeholders that the bank has a successful plan which has already kicked in to fill in the vacancies, we have a great pool of talent and a strong bench to keep our team on its winning ways and it has provided an opportunity for us to appoint the first Ghanaian CEO for Standard Chartered Bank…I think that is great news for all of us in Ghana.” He said.

“For a CEO to resigns, there is definitely a certain period within which he will notify the HR team that he is resigning and the necessary succession plan would have to be kicked in so a replacement appointed for him and this span for three weeks in which the bank will be delivering and doing business as usual.” He added.