Home Business Jeremy Awori Appointed As Ecobank Group CEO After Absa Exit

Jeremy Awori Appointed As Ecobank Group CEO After Absa Exit

by Ndungu Brian
Jeremy Awori appointed as Ecobank Group CEO

Jeremy Awori has been appointed as Ecobank Group Chief Executive Officer barely a week after stepping down from a similar role at Absa Bank Kenya.

Awori will succeed current Group Chief Executive Officer, Ade Ayeyemi who is expected to retire after attaining the retirement age of 60 years as per the lender’s policy.

While making the announcement, Ecobank Group Chairman Alain Nkontchou said the outgoing CEO, Ayeyemi will remain with the bank to ensure a smooth transition.

“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 a strong focus on results will be vital in steering the Group in its next phase,” said Nkontchou.

Awori left Absa Bank Kenya after nearly 10 years in charge having joined the bank in June 2013.

Read also: Jeremy Awori Steps Down As Absa Bank CEO

With a career spanning 25 years in the banking industry, Awori’s relevant effective dates for the new role will be communicated in due course.

“It is a great honor 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 of Ecobank’s stakeholders. I am humbled by the opportunity to contribute to the continent’s economic development and financial integration with Ecobank Group,” said Awori.

Ecobank which is owned by Ecobank Transnational Incorporated (ETI) has its headquarters in Lome, Togo and operates in 36 African countries with an asset base of more than $25 million.

“It is a privilege to lead an amazing team of Ecobankers in bringing the Ecobank Group back to growth and continue to realize our commendable pan-African mandate,” said outgoing CEO Ayeyemi.

Before joining Absa, Jeremy held multiple leadership roles at Standard Chartered Bank across the Middle East and Africa.

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