Sterling Bank Plc has announced the appointment of Ankala Prasad and Paritosh Tripathi as non-executive directors in replacement of Ramesh Rajapur and Grama Narasimhan on the board of the babk.
According to a regulatory notice filed by the firm at the Nigerian Stock Exchange, the appointments are subject to the approval of the Central Bank of Nigeria.
Prasad is presently the Country Head and Chief Executive Officer, Executive Committee of State Bank of India’s South African operations.
According to the statement, Prasad joined the State Bank of India in 1995 as a probationary officer and has served in various capacities. He has extensive banking experience and is an expert in project finance, with responsibility for large corporates, foreign exchange business including trade transactions. He is well versed in regulatory compliance and reporting, identifying risk and its mitigants, the statement said.
Prasad obtained his Bachelor of Science and Master of Science degrees from Nagarjuna University, India. He also obtained an MBA (Financial Management) from the University of Mumbai, India.
-Punch