The managing director and chief executive officer of Stanbic Bank, Mr. Bashir Awale is leaving the post for a higher position at the sub-Saharan regional level. Mr. Awale, who has been holding the top most position at the bank for the more than seven years, will be taking a new position as the regional investment bank executive for East Africa as well as Ethiopia and South Sudan. He ends his tenure at the bank on May 31, 2013 and will be taking his new position starting July 1, 2013.