Ecobank Group’s new CEO assumes office

The parent company of the Ecobank Group, Ecobank Transnational Incorporated (ETI), announced on Thursday that Jeremy Awori has taken on the position of chief executive officer, effective from March 1. Following the 60-year-old CEO Ade Ayeyemi's retirement, the Group appointed Mr. Awori in September 2022.

Mr. Awori stated in a press release issued by the bank that he sees his appointment as a great chance to advance Ecobank's expansion." Africa offers promising prospects, despite current global challenges," he stated.

“Ecobank is uniquely positioned to provide systematic change across the banking sector at a pan-African level, using the geographic footprint it has already established.

“Through our single gateway platform, we are well-positioned to provide the necessary financial products and solutions for countries, corporates, and SMEs to capitalize on the continent’s vast resource, trade, and investment opportunities.

“We also provide relevant, accessible, and affordable financial services that address the evolving needs of a vibrant, youthful, and entrepreneurial continent. Ecobank’s brand and heritage, continue to be a source of pride.”

The new CEO was hailed by Group Chairman Alain Nkontchou as a results-driven, capable leader with in-depth understanding of the African banking industry. He claimed that these attributes make him the best person to lead the Ecobank Group's expansion during this period of swiftly changing the world and continents. He also noted that Mr Awori has the full support of the ETI Board.

Profile

With nearly ten years of experience as CEO and Managing Director of Absa Bank Kenya Plc, Mr. Awori brings with him over twenty-five years of banking sector experience.
He held executive positions at Standard Chartered Bank in the Middle East and Africa prior to joining Absa.

According to the statement, he is an invaluable addition to the Ecobank Group because of his broad experience, aptitude, and industry knowledge.