Stanbic IBTC Holdings Plc has renamed its fintech subsidiary from Stanbic IBTC Financial Services Limited to ZEST Payments Limited (ZEST).
In a press release signed by Company Secretary, Chidi Okezie, says Stanbic IBTC has informed the Nigeria Exchange Limited as well as Esteemed Stakeholders of the change in the name of their fintech subsidiary from “Stanbic IBTC Financial Services Limited” to “ZEST Payments Limited” (ZEST), following the receipt of all required regulatory approvals.
While explaining the change in name, Stanbic Secretary, Chidi Okezie, says notwithstanding the name change, ZEST remains a wholly owned subsidiary of Stanbic IBTC Holdings PLC and no change of ownership, shareholding structure or business objects of the company has occurred as a result of this.
He added that, the commitment to providing exceptional financial services remains unwavering, and the name change is intended to reflect the brand’s evolving vision and identity. This will enable ZEST to better serve their clients and stakeholders.
Also, Stanbic IBTC Holdings Plc has announced the appointment of new members to the board of its holding company and other subsidiaries.
The following directors were approved by the Board of Stanbic IBTC Holdings: Ndidi Nwuneli, Yinka Sanni, Funeka Montjane, Efe Omoduemuke, Joyce Dimpka, Temitope Popoola, Oladele Sotubo and Titi Ogungbesan.