Standard Chartered Bank over the week appointed Benjamin Dabrah, Managing Director of Barclays Bank Ghana, as its Chief Risk Officer for Africa.
Mr. Dabrah has been with Barclays as Ghana MD since 2008 and will leave the bank in June this year.
Under his tenure, Dabrah led the turnaround of the previously loss making Barclays Bank of Ghana. Dabrah’s experience in risk management spans his career, with his previous roles including Regional Credit Director for West Africa, Standard Bank and Country Credit Director, Kenya for Barclays.
As Chief Risk Officer for StanChart Africa, Mr Dabrah’s role is to strengthen the regional management team and demonstrating the bank’s commitment to building a sustainable, high growth business on the continent.
“We are delighted that Ben is joining us. Standard Chartered continues to attract top talent to key positions in Africa, Diana Layfield, CEO, Africa Region, said, in a statement March 22, 2013.
According to Layfield, Dabrah’s skills and expertise will bring immense value to the Bank in Africa, “helping us maintain our strong growth and reputation as the leading international bank on the continent, connecting Africa to Asia and the Middle East”.
Mr Dabrah says “I am very excited about the opportunity to join Standard Chartered in Africa. I was attracted by Standard Chartered’s brand promise to be ‘Here for good’ and I am looking forward to supporting the Bank in its major contribution to economic growth and social change in Africa.”
The role of Chief Risk Officer for Africa is a new position.
Over the past five years, the StanChart’s franchises in Africa have delivered a compound annual growth rate of 15 percent.
The Bank said, in 2012, the African region which it has 170 branches in 15 countries, generated income of $1.6 billion, up 20 percent, with operating profits up 28 per cent at $771 million.