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Ayeyemi appointed new Ecobank CEO

09 June 2015, 07:00Augustine Osayande

Abuja - Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Ade Ayeyemi as its new Group Chief Executive Officer (GCEO).

THE appointment is effective September 1.

Ayeyemi (52) will replace Albert Essien, who would be retiring on June 30, after 25 years of service with the Group.

According to the pan-African bank an interim arrangement would be made by the Ecobank Board for the management of the Group during the period of July 1 through August 31, pending the resumption of the new GCEO.

The bank described Ayeyemi, a Nigerian, as a highly-experienced banker who had a long and successful career with Citigroup. He is currently Chief Executive Officer (CEO) of Citigroup’s sub-Saharan Africa division, based in Johannesburg.

He is an accounting graduate of the University of Ife, now Obafemi Awolowo University, Ile-Ife South-west Nigeria, where he earned a Bachelor of Science degree with First Class Honours. He also studied at the University of London and is an alumnus of Harvard Business School’s Advanced Management Programme.

Ecobank Group Chairman, Emmanuel Ikazoboh, said after a thorough and extensive search throughout the African continent, they were able to secure such a valued person.

“We are delighted to have secured Ayeyemi as the person to lead Ecobank through the next phase of its development and beyond as a world-class pan-African bank. Ayeyemi is a truly outstanding individual with deep knowledge of banking across Africa, and we welcome him to the Board.”

He thanked Essien for his long career at Ecobank.

“We wish him well in his retirement,” Ikazoboh said.

- CAJ News


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