About three months ago, the chairman of IBTC Stanbic bank, Atedo Peterside resigned from his position, a position he has occupied since 2007, where he also over saw the workings of the bank’s subsidiaries; stock brokerage, investment advisory, pension and trustee businesses. However, he still remains a part of the parent company board in South Africa, with some indirect oversight functions. But while many only associate his name with banking, especially as he has been in the profession all his life, as well as being instrumental to setting up IBTC at the age of 33 in 1989, one of the most professionally run investment banks, not many know that he has another job he is quite passionate about – the transport business. The arts enthusiast runs ANAP Business Jets Limited, a business venture of private jet operation he founded years ago, specializing in fractional ownership and designed to be financially prudent whilst allowing one retain all the essential benefits of exclusively owning a business jet. As chairman and majority shareholder, he runs ANAP Jets in conjunction with Eurofly Service S.p.A of Italy who are the minority shareholders and technical partners. With how well he has run IBTC bank for almost three decades, it is little wonder that in a time of recession, he is still in business as he is still the preferred operator by many Nigerian business men, politicians and socialites. Besides having several jets in its fleet including the Legacy 600, a super mid-size jet, they operate outside of Africa including Europe, South America and the Middle East.
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