{"id":15135,"date":"2026-11-11T15:00:54","date_gmt":"2026-11-11T15:00:54","guid":{"rendered":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/11\/sterling-holdco-subsidiary-alt-bank-appoints-gul-khan-as-md-ceo\/"},"modified":"2026-11-11T15:00:54","modified_gmt":"2026-11-11T15:00:54","slug":"sterling-holdco-subsidiary-alt-bank-appoints-gul-khan-as-md-ceo","status":"publish","type":"post","link":"https:\/\/globalnigerianews.com\/index.php\/2026\/11\/11\/sterling-holdco-subsidiary-alt-bank-appoints-gul-khan-as-md-ceo\/","title":{"rendered":"Sterling HoldCo Subsidiary, Alt Bank appoints Gul Khan as MD\/CEO"},"content":{"rendered":"<p>The Alternative Bank Limited (Alt Bank), the non-interest banking subsidiary of Sterling Financial Holdings Company Plc, has appointed Gul Khan as its Managing Director and Chief Executive Officer, following approval by the Central Bank of Nigeria (CBN).<\/p>\n<p>Khan succeeds Hassan Yusuf, the bank\u2019s founding Managing Director.<\/p>\n<p>The appointment was announced in a press statement issued by Alt Bank and seen by Nairametrics.<\/p>\n<p>The bank said the leadership change comes as it continues to strengthen its operations, expand its reach and develop financial solutions for consumers and businesses.<\/p>\n<h4><strong>Alt Bank appoints Gul Khan as CEO<\/strong><\/h4>\n<p>Muhtar Bakare, Chairman of Alternative Bank, said the board was confident that Khan would build on the bank\u2019s existing foundation and broaden its reach.<\/p>\n<p>Bakare highlighted Khan\u2019s experience in non-interest banking and financial services, expressing confidence in his ability to lead the bank through its next phase of growth.<\/p>\n<ul>\n<li><em>\u201cGul\u2019s 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.<\/em><\/li>\n<li><em>\u201cThe Board is confident in his ability to build on the Bank\u2019s foundations and broaden its reach, while maintaining the strong governance and commercial discipline essential to long-term success,<\/em>\u201d he said.<\/li>\n<\/ul>\n<p>Bakare added that Khan would work with the board and management team to guide the bank\u2019s next phase of growth.<\/p>\n<p>Outlining his priorities, Khan said he aimed to make Alt Bank the preferred choice for consumers and businesses in Nigeria.<\/p>\n<ul>\n<li><em>\u201cThe opportunity is to make Alt Bank the preferred choice for consumers and businesses in Nigeria.<\/em><\/li>\n<li><em>\u201cThat 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.<\/em><\/li>\n<li><em>\u201cI look forward to working with colleagues to build on Alt Bank\u2019s progress and earn our customers\u2019 continued trust,\u201d<\/em> he said.<\/li>\n<\/ul>\n<h4><strong>Gul Khan brings 25 years\u2019 experience<\/strong><\/h4>\n<p>Khan has more than 25 years of international financial services experience, having worked across Europe, America, Asia, the Middle East and Africa.<\/p>\n<ul>\n<li>Most recently, he served as Chief Executive Officer and Board Director of I&amp;M Bank Kenya. He also held the position of Group Head of Products at Airtel Money, the fintech business operating across 14 African markets.<\/li>\n<li>His previous roles include Global Head of Retail Banking and Wealth Management at HSBC Amanah, the group\u2019s non-interest banking business.<\/li>\n<li>His career also includes executive leadership positions at banks in the United Arab Emirates, Egypt and Qatar, giving him experience across established banking institutions and technology-led financial services businesses.<\/li>\n<\/ul>\n<p>Meanwhile, The Alternative Bank, a subsidiary of Sterling Financial Holdings Company Plc, met the CBN\u2019s revised minimum capital requirement for national non-interest banks well ahead of the regulatory deadline.<\/p>\n<p>The bank has also completed its migration to MIZAN, a core banking platform designed for non-interest financial institutions. Its strengthened capital base and investment in technology support its capacity to finance business growth and develop products that meet customers\u2019 needs.<\/p>\n<h4><strong>What you should know<\/strong><\/h4>\n<p>In February 2026, Sterling Financial Holdings Company Plc <a href=\"https:\/\/nairametrics.com\/2026\/02\/17\/sterling-holdco-confirms-full-recapitalisation-of-sterling-bank-altbank\/\">confirmed that<\/a> its core banking subsidiaries, Sterling Bank and The Alternative Bank, had been fully recapitalised in line with the CBN\u2019s revised minimum capital requirements.<\/p>\n<p>The group said its capital-raising programme was largely completed between December 2024 and October 2025, placing it ahead of the March 2026 industry deadline.<\/p>\n<p>Group Chief Executive Officer, Yemi Odubiyi, said the recapitalisation had strengthened the group\u2019s capacity to support economic growth while preserving financial stability.<\/p>\n<p>He noted that fully capitalising both Sterling Bank and The Alternative Bank reinforced the group\u2019s dual-bank model, enabling it to serve both conventional and non-interest banking segments.<\/p>\n<p>Source: <\/p>\n<div class=\"nSourse\">Nairametrics<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Alternative Bank Limited (Alt Bank), the non-interest banking subsidiary of Sterling Financial Holdings Company Plc, has appointed Gul Khan as its Managing Director and Chief Executive Officer, following approval&hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-15135","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/comments?post=15135"}],"version-history":[{"count":0,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/posts\/15135\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/media?parent=15135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/categories?post=15135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalnigerianews.com\/index.php\/wp-json\/wp\/v2\/tags?post=15135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}