Alternative Bank Limited (Alt Bank) has announced that Gul Khan will take over as Managing Director and Chief Executive Officer, following approval from the Central Bank of Nigeria (CBN). Khan succeeds Hassan Yusuf, the bank’s founding MD, and will steer the institution into its next phase of growth.
With more than 25 years of experience in international financial services, Khan has worked across Europe, America, Asia, the Middle East and Africa. He most recently served as Chief Executive Officer and Board Director of I&M Bank Kenya, and as Group Head of Products for Airtel Money, the fintech arm operating in 14 African markets. Prior to that, he was Global Head of Retail Banking and Wealth Management at HSBC Amanah, the group’s non‑interest banking business, and has held executive roles in banks in the UAE, Egypt and Qatar.
Muhtar Bakare, Chairman of Alternative Bank, welcomed the appointment, saying: “Gul’s expertise in non‑interest banking and his leadership experience across African financial services position him well to lead Alternative Bank through its next phase of growth. The Board is confident in his ability to build on the Bank’s foundations and broaden its reach, while maintaining the strong governance and commercial discipline essential to long‑term success.”
In outlining his priorities, Khan said: “The opportunity is to make Alt Bank the preferred choice for consumers and businesses in Nigeria. That means understanding what customers need, whether acquiring productive assets or growing their businesses, and providing solutions that are relevant and they can use with ease. I look forward to working with colleagues to build on Alt Bank’s progress and earn our customers’ continued trust.”
Alt Bank has met the CBN’s revised minimum capital requirement for national non‑interest banks well ahead of the regulatory deadline and has completed its migration to MIZAN, a core banking platform designed for non‑interest financial institutions. The strengthened capital base and investment in technology support the bank’s capacity to finance business growth and develop products that meet customer needs.
The Alternative Bank is part of Sterling Financial Holdings Company Plc, a diversified Nigerian financial services group. Backed by the group’s institutional strength, governance framework and commitment to innovation, the bank continues to advance its mission of expanding access to non‑interest financial solutions for individuals and businesses across Nigeria, a country that is Africa’s most populous.
<small>Source: Daily Post Nigeria — read the original story there.</small>
