Paritosh Tripathi exited Sterling Bank for Indian Insurer, SBI General Insurance
Nigerian lender Sterling Bank Plc has announced the resignation of Indian Indian investor Paritosh Tripathi from its board.
Tripathi’s resignation was announced in fulfilment of mandatory corporate disclosures for companies listed on the Nigerian Exchange Group. In a regulatory filing to the exchange and signed by the company secretary and chief legal counsel, Temitayo Adegoke, Sterling informed shareholders of Tripathi’s resignation.
Mr. Tripathi, who served on the Board of Sterling Bank as a Non-Executive Director resigned from the lender’s board after an Indian company, SBI General Insurance appointed him as the new Chief Executive in July.
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Tripathi has more than 32 years of banking experience and has worked as the General Manager of operations, internal banking group with SBI and SBI Canada.
Between 2017 and 2020, Tripathi was the head – of bancassurance with SBI Mutual Fund and later with SBI General Insurance.
He was also a former CEO of the SBI DIFC branch in Dubai.
“The Board and Management of Sterling Bank Plc thank Mr. Tripathi for his meritorious service and wish him continued success in his future endeavours,” Sterling Bank added.