Business Ecobank Appoints Citigroup's Ayeyemi as new GCEO

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LequteMan

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Ecobank Transnational Incorporated has named Ade Ayeyemi as its new Group Chief Executive Officer effective from 1 September 2015.

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Mr Ayeyemi, 52, will replace Albert Essien, who retires on 30 June, 2015 after 25 years of meritorious service with the Group. An interim arrangement will be made by the Ecobank Board for the management of the Group during the period 1 July through 31 August, pending the resumption of the new GCEO.

Mr Ayeyemi is a highly experienced banker who has had a long and successful career with Citigroup, where he is currently Chief Executive Officer of Citigroup’s sub-Saharan Africa division, based in Johannesburg.

"We are delighted to have secured Ade as the person to lead Ecobank through the next phase of its development and beyond as a world-class pan-African bank," Ecobank group Chairman Emmanuel Ikazoboh said.
 
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