Ecobank Group names new CEO to replace retiring Ade Ayeyemi

Tuesday, 13 September 2022 16:05
Ecobank Group names new CEO to replace retiring Ade Ayeyemi

(Togo First) - Jeremy Awori is soon to become the new CEO of Ecobank Transnational Incorporated (ETI), the Lomé-based pan-African banking group.

The Kenyan was picked to replace Nigerian Ade Ayeyemi, according to a statement issued on September 12, 2022. Ayeyemi is retiring after heading the group for 7 years. 

Awori has a 25-year career in banking, out of which he spent almost10 years as Managing Director of Absa Bank Kenya Plc (formerly Barclays Bank of Kenya, BBK).

Born in Kenya in the early 1970s to an engineer father and a lawyer mother (of British origin), the 50-year-old initially worked as a pharmacist in the UK. He later went to Canada where he obtained an MBA at McGill University. Afterward, he worked for the Standard Chartered Bank of Canada.

At the age of 28, he was appointed Head of Retail Banking, Standard Chartered Bank Kenya. In 2013, he left Standard Chartered and moved to Barclays Bank, where he served as CEO of Barclays Bank Kenya (BBK). In 2020, BBK was listed on the Nairobi Stock Exchange and was renamed Absa Bank Kenya, with Jeremy Awori at its helm.

"He brings to the Ecobank Group a wealth of experience, skills, and know-how in the banking sector," ETI said in its public announcement.

Written by: Ayi Renaud Dossavi

Translated from French by Schadrac Akinocho

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