Gul Khan named new managing director of Alternative Bank

Sterling Financial Holdings Company Plc has named Gul Khan as the new managing director of Alternative Bank Limited. This is the company's non-interest banking arm, and his appointment takes effect from 5 November.

The Central Bank of Nigeria (CBN) gave the green light for this appointment, as seen in a regulatory filing on Wednesday.

The company stated that this move is a key step in helping Alternative Bank become Nigeria's top digital non-interest bank.

Mr Khan steps in after Hassan Yusuf retired on 4 November. Yusuf had finished his term and the board thanked him for his hard work and leadership in growing Alternative Bank.

Mr Khan brings over 25 years of experience in financial services, working in Africa, Europe, the Americas, Asia, and the Middle East.

He is well-known for driving growth and innovation in banking, fintech, and payments. His skills include retail banking, digital services, product development, and managing large-scale changes.

Before this role, Mr Khan was the chief executive officer at I&M Bank Limited in Kenya. There, he led significant growth and changes that improved revenue, profits, and market share.

Prior to joining I&M Bank, he worked as the head of products at Airtel Money Africa. In that position, he drove notable revenue growth and increased the platform's active users while backing major investment projects.

Mr Khan has also held senior roles at major financial institutions such as HSBC, ADIB, Gulf Bank, and Doha Bank. His work there involved retail banking, wealth management, digital changes, and strategic planning across various regions.

With his deep experience in digital financial services, product development, and business changes in several markets, Mr Khan is expected to drive growth at Alternative Bank.