Nigeria, Nov. 11 -- Sterling Financial Holdings Company Plc has appointed Gul Khan as managing director of Alternative Bank Limited, its non-interest banking subsidiary, effective 5 November.

The Central Bank of Nigeria (CBN) approved the appointment, according to a regulatory filing made on Wednesday.

According to the group, the appointment is a strategic step towards advancing Alternative Bank's ambition to become Nigeria's leading innovative digital non-interest bank.

Mr Khan was appointed following the retirement of Hassan Yusuf, effective 4 November, after the latter completed his tenure.

The board expressed its appreciation to Mr Yusuf for his dedication, leadership and valuable contribution to the growth of Alternative Bank.

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