Alt Bank appoints Gul Khan as new CEO

The Alternative Bank Limited (Alt Bank) has announced the appointment of Gul Khan as Managing Director and Chief Executive Officer, following approval by the Central Bank of Nigeria (CBN).

Khan succeeded the bank’s founding Managing Director, Hassan Yusuf.

Commenting on the appointment via a statement on Wednesday, November 11, 2026, the Chairman of Alternative Bank, Muhtar Bakare, said: “Gul’s expertise in non-interest banking and his leadership experience across African financial services position him well to lead Alternative Bank through its next phase of growth.

“The Board is confident in his ability to build on the Bank’s foundations and broaden its reach, while maintaining the strong governance and commercial discipline essential to long-term success.”

Bakare noted that Khan will work with the board and management team to guide the bank’s next phase of growth.

Outlining his priorities, Bakare said: “The opportunity is to make Alt Bank the preferred choice for consumers and businesses in Nigeria. That means understanding what customers need, whether acquiring productive assets or growing their businesses, and providing solutions that are relevant and they can use with ease.

“I look forward to working with colleagues to build on Alt Bank’s progress and earn our customers’ continued trust.”

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According to the bank, Khan brings more than 25 years of international financial services experience, having worked in Europe, America, Asia, Middle East, and Africa.

He recently served as Chief Executive Officer and Board Director of I&M Bank Kenya and was Group Head of Products for Airtel Money, the fintech business across 14 markets in Africa.

He also served as Global Head of Retail Banking and Wealth Management at HSBC Amanah, the Group’s non-interest banking business.

His career also includes executive leadership roles with banks in UAE, Egypt and Qatar giving him experience across established banking institutions and technology-led financial services businesses.

Alt Bank is part of Sterling Financial Holdings Company Plc, a diversified Nigerian financial services group.

“Backed by the Group’s institutional strength, governance framework and commitment to innovation, the Bank continues to advance its mission of expanding access to non-interest financial solutions for individuals and businesses across Nigeria,” the statement added.