ETI Appoints Albert Essien as Chief Executive Officer of the Group 

Ecobank Transnational Incorporated (‘Ecobank’ or ‘the Group’) has notified The Nigerian Stock Exchange of changes in the organization following Mr. Albert Essien’s appointment as Chief Executive Officer (‘CEO’) of the Group in March of this year. According to the Company, in line with its Corporate Governance status, Mr. Albert Essien will be relinquishing his role as Head of the Group’s Corporate and Investment Bank (CIB) business segment. In a parallel development, it has been decided to restructure Ecobank’s segment, establishing the Group’s Treasury operations as a standalone business unit. Mr. Aziz Dia, the Bank’s current Group Head of Treasury will continue to lead the development of the Bank’s Treasury operations, reporting directly to the Group CEO. This reflects a growing trend amongst other leading banking groups to separate the Treasury and CIB functions the Bank said. As a result, the Bank said the CIB segment will now consist of the following business units: Corporate Bank (‘CB’), Transaction Services Group (‘TSG’), Investment Bank (‘IB’), Securities and Asset Management (‘SAM’), Research and the International Business, which includes Ecobank’s representative offices in Beijing, Dubai and London.
Source: Proshare

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