The Alternative Bank Limited (Alt Bank) has appointed Gul Khan as its Managing Director and Chief Executive Officer, following approval by the Central Bank of Nigeria (CBN). He succeeds Hassan Yusuf, the bank’s founding Managing Director.
A career across several regions
Khan has more than 25 years of international financial services experience, with roles in Europe, America, Asia, the Middle East and Africa. Most recently, he was Chief Executive Officer and Board Director of I&M Bank Kenya. He was also Group Head of Products for Airtel Money, the fintech business operating in 14 African markets.
Earlier, he served as Global Head of Retail Banking and Wealth Management at HSBC Amanah, the Group’s non-interest banking business. He has also held executive roles at banks in the UAE, Egypt and Qatar, giving him experience in both established banks and technology-led financial services.
Board backs his non-interest banking experience
Muhtar Bakare, Chairman of Alternative Bank, said Khan’s expertise in non-interest banking and his leadership experience across African financial services make him well placed to lead the bank through its next phase of growth.
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“The Board is confident in his ability to build on the Bank’s foundations and broaden its reach,” Bakare said, while maintaining the governance and commercial discipline that long-term success requires.
Khan’s priorities
Khan will work with the Board and management to guide the bank’s growth. He said the opportunity is to make Alt Bank the preferred choice for consumers and businesses in Nigeria.
That means understanding what customers need, whether buying productive assets or growing their businesses, and offering solutions that are relevant and easy to use. “I look forward to working with colleagues to build on Alt Bank’s progress and earn our customers’ continued trust,” he said.
Capital and technology foundations
Alt Bank met the CBN’s revised minimum capital requirement for national non-interest banks well ahead of the regulatory deadline. It has also moved to MIZAN, a core banking platform designed for non-interest financial institutions. The bank says its stronger capital base and technology investment support its ability to finance business growth and develop products for customers.
The Alternative Bank is part of Sterling Financial Holdings Company Plc, a diversified Nigerian financial services group. It aims to expand access to non-interest financial solutions for individuals and businesses across Nigeria.
