Ecobank announces leadership changes

Samuel Ashitey Adjei has been appointed Managing Director of Ecobank in Central, Eastern, and Southern Africa.

Samuel Ashitey Adjei has been appointed Managing Director of Ecobank in Central, Eastern, and Southern Africa.

Pan African Bank Ecobank Transnational Incorporated (ETI), the parent company of the Ecobank Group, on Tuesday announced a top leadership change in its most profitable subsidiary, Ecobank Ghana Limited.

In a press statement, Ecobank said that Samuel Ashitey Adjei, the current Managing Director of the Ghana Subsidiary, has been appointed Managing Director for the Group’s recently combined Central, Eastern, and Southern African (CESA) Countries, and is expected to step down as Managing Director of Ecobank Ghana March 30, 2016.

The Chairman of the Ecobank Ghana Board, Terence Darko, said the bank will immediately embark on the process of selecting a successor to Adjei, a process that will conclude by the 30th of April.

“This is a well-earned promotion; I would like to thank him for his commitment and outstanding leadership and wish him a continued success in the new and challenging assignment. There is no doubt that he will replicate this success in his new role,” Darko said in a statement.

“I leave my customers and my partners in the industry with a heavy heart, but I continue to believe that it is the overall franchise that has contributed to their respective journeys with Ecobank, and I wish them all well with continued success.” Mr. Adjei said.

Adjei, a veteran banker credited with the bank’s outstanding performance in the last 25 years, assumed the position of Managing Director for Ecobank Ghana in 2006, and has since built the bank from eight to 78 branches, and to an enviable position of the leading bank in Ghana