Olu Ajayi has been appointed head of structured trade finance at Stanbic IBTC in Nigeria. This is a new unit in the bank to come under the project and structured finance department.

Ajayi is returning to Nigeria after having spent a number of years at NordBank’s London branch, where he was senior credit analyst – commodity finance.

Ajayi’s appointment is consistent with Stanbic’s strategy to grow its trade business on the African continent and to provide expertise and facilitate trade finance within the African countries in which the bank operates.