• Published on 20 July 2017
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Standard Bank appoints Amedeo Anniciello as chief executive for the Democratic Republic of Congo

Standard Bank has appointed Amedeo Anniciello as Chief Executive for the Democratic Republic of Congo (DRC), subject to regulatory approval.

The Kinshasa-based operation provides a strong geographical link for Standard Bank’s multinational clients across its African footprint of 20 countries to the opportunities in the DRC.

“Amedeo Anniciello brings the global banking expertise as well as local and African risk insight required by global corporates and African businesses seeking to access African opportunities,” said Sola David-Borha, Chief Executive, Africa Regions, Standard Bank.

The DRC is Africa’s second largest country, combining abundant hydro energy potential with a wealth of mineral resources. Its potential in these areas continues to attract global investment, especially from global multinational companies.

“The DRC represents a substantial opportunity for the Standard Bank Group. We are increasing our capital and investment locally, and introducing the latest versions of our Group IT platforms to help reshape our 25 year old business and drive growth,” continued David-Borha.

Anniciello said that he is particularly excited by Standard Bank DCR’s innovative operation, which he believes is perfectly positioned to leverage the ‘second wave’ of investment into Africa: “Beyond the important minerals and energy opportunities lies a rapidly emerging retail and local service industry with the potential to transform both the DRC and the region.”

Amadeo Anniciello’s career has spanned 33 years career across corporate and investment banking and risk management. He was most notably the Head of Corporate Banking and Deputy Chief Executive for Citibank in several African markets. His previous roles at Citibank, and at Société Générale, Fidelity Bank, ABSA and Nedbank have covered countries as diverse as Algeria, Ghana, Gabon, South Africa and Zambia.

“Standard Bank is delighted to welcome Amadeo and looks forward to benefiting from his extensive experience and deep insight into African and global corporate and investment banking,” concluded David-Borha.

Re-disseminated by The Asian Banker from Fx-mm.com