Sterling Financial Holdings Company Plc has appointed Mr Gul Khan as the Managing Director of Alternative Bank Limited, its non-interest banking subsidiary, effective November 5, 2026.
The appointment, which has received the approval of the Central Bank of Nigeria (CBN), was disclosed in a notification to Nigerian Exchange Limited (NGX), shareholders and the investing public.
Khan brings more than 25 years of experience in the financial services industry, having worked across Africa, Europe, the Americas, Asia and the Middle East.
He has extensive experience in banking, fintech and payments, with expertise spanning retail banking, digital financial services, product development and large-scale business transformation.
Before his appointment, Khan served as Chief Executive Officer of I&M Bank Limited in Kenya, where he led a period of accelerated growth and transformation, resulting in improvements in revenue, profitability and market share.
He previously served as Head of Products at Airtel Money Africa, where he drove revenue growth, expanded the platform’s active customer base and supported major equity investment initiatives.
Khan also held senior leadership positions at leading financial institutions, including HSBC, ADIB, Gulf Bank and Doha Bank, with responsibilities covering retail banking, wealth management, digital transformation and strategic planning across different markets.
Sterling Financial Holdings said the appointment represents a strategic step towards advancing Alternative Bank’s ambition of becoming Nigeria’s leading innovative digital non-interest bank.
The financial services group expressed confidence that Khan’s experience in scaling digital financial services, developing innovative products and driving business transformation across multiple markets would support the subsidiary’s strategic priorities.
Meanwhile, the company announced the retirement of Mr. Hassan Yusuf as Managing Director of Alternative Bank, effective November 4, 2026, following the completion of his tenure.
The Board of Directors appreciated Yusuf for his dedication, leadership and contributions to the growth of Alternative Bank, wishing him success in his future endeavours.
