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

Anniciello has had a 33-year career in corporate and investment banking and risk management – most notably as 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.

Anniciello is particularly excited by Standard Bank DCR’s innovative operation which he believes, is perfectly positioned to leverage the ‘second wave’ of investment in to 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,” he said.

“Mr. 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, CEO, Africa Regions, Standard Bank.

The DRC is Africa’s second largest country, combining abundant hydro energy potential with a wealth of mineral resources. 

This exceptional potential continues to attract global investment, especially from global multinational companies. 

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.

“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,” said David-Borha.

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