Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Standard Chartered Makes Essoka Vice Chairman of Africa Business

Standard Chartered Plc, the U.K. bank that makes about three-quarters of its earnings in Asia, said Ebby Essoka will engage with political clients in his new role as vice chairman of its African business.

Richard Etemesi will succeed Essoka as chief executive officer in South Africa and southern Africa, the London-based bank said in a statement today. Lamin Manjang will replace Etemesi as CEO of Kenya and East Africa, the company said.

“We have doubled the size of our African business over the past five years,” Diana Layfield, CEO for Africa, said in the statement. “Ebby, Richard and Lamin will drive our ambitious plans to invest over $100 million over the next three years, as we open 110 new branches by 2015.”

Standard Chartered’s said earnings from Africa grew at a compound annual rate of 25% over the past five years and the region generated income of $1.6 billion last year. Essoka, who will divide his time between Johannesburg and London, will take up his position on Jan. 1., while Etemesi will assume his new role after receiving regulatory approval, the bank said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.