- Jeremy Awori takes helm as Group CEO Ecobank Transnational following retirement of Ade Ayeyemi.
- The 2021 Top 1000 World Banks Ranking has been released by The Banker Magazine ranked Ecobank Transnational as Africa’s 19th largest bank (652 internationally) based on the 2020 year-end Tier-1 capital. In comparison, according to this ranking East Africa’s largest bank was Kenya’s KCB Group ranked 20th.
- African Business ranked Ecobank Transnational Incorporated as Africa’s 16th largest bank with capital of $2,024m and assets of $25,939m (US dollars at the exchange rates at the year-end date in the results or on 31 December 2020).
Lomé, Togo, 12 September 2022 – Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, today announced that the current Group Chief Executive Officer, Ade Ayeyemi, will retire after he attains the age of 60, in accordance with ETI policy. The Board of Directors selected Jeremy Awori to succeed Ade Ayeyemi as Group Chief Executive Officer. The relevant effective dates will be communicated in due course.
Alain Nkontchou, Ecobank Group Chairman , thanked Ade for his immense contribution during his seven years at the helm of the Ecobank Group as Group CEO.
“Ade can be rightly proud of his success in leading the implementation of the Roadmap to Leadership strategy, navigating Ecobank through challenges, seizing opportunities, and positioning Ecobank for sustainable long-term growth. Ade’s deep knowledge, unrivaled vision, commitment and infinite passion made all the difference. It has been a real pleasure working with him. I count on his continuous support to ensure a smooth transition as we onboard Jeremy Awori as the new Group CEO.”Alain Nkontchou, Ecobank Group Chairman
On Jeremy Awori’s appointment Alain Nkontchou had this to say:
“Jeremy Awori is a highly respected leader in the banking industry with significant achievements in his previous capacities. The Board of Directors strongly believes that his drive and strong focus on results will be vital in steering the Group in its next phase”
While expressing his commitment to a smooth transition and onboarding of his successor. Ade Ayeyemi expressed his deep gratitude for the opportunity to lead the Ecobank Group:
“It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continuing to realise our commendable pan-African mandate.”Ade Ayeyemi
Responding to the announcement of his appointment the incoming group CEO Jeremy Awori stated:
“It is a great honour to be appointed Ecobank Group’s Chief Executive Officer. I look forward to consolidating the transformation of Ecobank, a truly pan-African institution full of talented people, while innovating to create value for all Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group”Incoming Ecobank Group CEO, Jeremy Awori
Jeremy Awori is joining Ecobank Group following a twenty-five-year long career in the banking industry, with almost a decade leading Absa Bank Kenya Plc as the CEO & Managing Director.
Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle-East and Africa. He brings a wealth of experience, skills, and industry know-how to the Ecobank Group.