Ecobank Group appoints Ade Ayeyemi as new CEO

Nigerian and former Citigroup executive Ade Ayeyemi has been appointed the Group CEO of Ecobank. A press statement from the Bank issued Monday June 8, 2015 in Lome and copied to ghanabusinessnews.com says, Ayeyemi’s appointment takes effect September 1, 2015.

Mr Ayeyemi is taking over from Ghanaian, Mr. Albert Essien who retires on June 30, 2015 has worked with the Bank for 25 years.

The Bank says an interim arrangement will be made by the Board for the management of the Group during the period July 1 through August 31, pending the resumption of the new GCEO.

Mr Ayeyemi is an experienced banker who has had a long career with Citigroup, where he is currently Chief Executive Officer 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, 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. A Chartered Accountant, Mr Ayeyemi is also a trained UNIX Administrator and Network Operating Systems Manager.

His many interests include business strategy, economics, process engineering and technology, the release noted.

By Emmanuel K. Dogbevi