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Ecobank Group Appoints Eric Odhiambo as Group Executive, Corporate & Investment Banking as Akin Dada Attains Retirement Age

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Ecobank - Investors King

Ecobank Group, the leading pan-African Banking Group, has appointed Mr. Eric Odhiambo as Group Executive, Corporate & Investment Banking following Akin Dada attaining retirement age.

Mr. Akin Dada, the Group Executive, Corporate & Investment Banking recently retired from the Ecobank Group having reached the retirement age of 60. In line with the Group’s succession plan, Mr. Eric Odhiambo has been appointed as Group Executive, Corporate & Investment Banking to replace Akin Dada. Eric was the Group Chief Risk Officer since September 2017, prior to this appointment.

Prior to his retirement, Akin Dada had over 30 years of banking experience in client coverage, strategic transaction initiation and advisory dialogues across various client segments, including public sector, telecoms, FMCG and oil and gas. He joined the Ecobank Group in 2017 after 26 years with Citigroup in various roles in the Corporate & Investment Banking as Senior Transactor, Senior Relationship Banker and Business Development Manager. While at Citi, he handled a wide array of transactions in Loan Syndications, Project Finance, Corporate Finance and Advisory, and was Managing Director for Citigroup Cameroon.

Eric Odhiambo Profile

The new Group Executive, Corporate & Investment Banking, Eric Odhiambo, joined the Ecobank Group in September 2017 as Group Chief Risk Officer. This followed 14 years with Citigroup in various senior management roles including Head Risk Analysis and Remedial Management, Country Risk Manager, Regional Head of Risk Management in Africa and Turkey & the CIS and was also a Senior Credit Officer, among other roles.

He led various credit structuring and approvals from an Independent Risk point of view while also participating with deal teams from Corporate & Investment Banking, Corporate Finance, Project Finance, Derivative Structures and Trade Transaction Services in actualising transactions. Eric provided continuous coaching and on-the-job training to Credit Officers across the businesses, reviewing and assigning credit limits. Eric has served on various Bank Board positions as a Non- Executive Director including his current role as an NED on the Board of Ecobank Nigeria.

He is strongly focused on business development and brings a wealth of experience to our Corporate and Investment Banking segment. He also previously worked with Atlas Mara and with ABN AMRO Bank in Kenya, during his 30 years banking career.

Ade Ayeyemi, CEO, Ecobank Group said: “In the last five years with Ecobank, Akin has made very impactful contributions. His invaluable and varied experience over many years in corporate banking, as well as his broader knowledge of banking, credit and risk management, ideally positioned him to lead our Group Corporate and Investment Banking business. I thank Akin for his significant contributions and wish him a very happy and fruitful retirement.”

In congratulating Eric Odhiambo on his new role, Ade Ayeyemi stated: “Eric is a vastly knowledgeable banker with strong expertise in business development, credit structuring and understanding as well as risk management. He has immense capacity to ensure the realisation of the strategic goals of our Corporate & Investment Banking business in the areas of loans, trade finance, advisory services and cross-border payments. I have no doubt that the strong leadership that he exhibited as our Group Chief Risk Officer in the last four years, will be replicated in his new
role”.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Appointments

Wema Bank Appoints Two Independent Non-Executive Directors

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The board of directors of Wema Bank has appointed Dr. Oluwayemisi Olorunshola and Mr.s Bolarin Okunowo as independent non-executive directors of the bank.

The lender disclosed in a statement signed by Johnson Lebile, Company Secretary/Legal Adviser, Wema Bank.

Dr. (Mrs) Oluwayemisi Olorunshola Profile

Dr. (Mrs) Oluwayemisi Olorunshola is an experienced Supply Chain professional and a business associate with over 15 years’ experience in multinational organisation and over 10 years as a business manager. She possesses a B.Sc. Education degree in Education & Economics from the prestigious Obafemi Awolowo University, Ile Ife, a Master of Business Administration degree from University of Liverpool, UK, and a Doctorate degree in Business Administration from Walden University, USA.

She is a well trained professional in various aspects of business management and her work experience spans every aspect of the supply chain including Business & Production Planning, Procurement, Distribution, Import & Export, and Logistics Services. She is a lover of education. Her widely read publication on small business sustainability strategies published in the Journal of Functional Education (FEAcademia), Proquest.com, and Academia.edu, has been referenced by many scholars.

Dr. Olorunshola is a fellow of the International Institute for African Scholars and a chartered member of the Nigerian Chartered Institute of Personnel Management. An ardent believer in community development and in pursuant of this interest, she is a volunteer in many civic activities where she has contributed greatly to the development of her community and other areas of influence.

Mrs. Bolarin Okunowo Profile

Mrs. Bolarin Okunowo is a seasoned business leader and finance specialist with over 17+ years’ experience in a range of roles spanning investment banking and financial services, manufacturing, oil and gas, real estate, and hospitality. She is the Managing Director/Chief Executive Officer of Chemical and Allied Products PIC (“CAP plc”), a subsidiary of UAC of Nigeria Plc (“UACN”), and the manufacturers of leading paint brands – Dulux, Sandtex and Caplux in Nigeria.

Prior to her executive appointment at CAP Plc, Bolarin served as the immediate past Managing Director/CEO of Portland Paints and Products Nigeria Plc (“Portland Paints”) a subsidiary of UACN. At Portland Paints she led a turnaround of the business and the implementation of the successful merger with CAP Plc in July 2021.

Prior to joining the UACN Group, she was the Head, Energy & Infrastructure Finance at Stanbic IBTC Capital (“Stanbic”) with responsibility for the oil and gas, power, and infrastructure debt finance portfolio. Prior to Stanbic, Bolarin worked with ARM Investments Managers and PricewaterhouseCoopers. Bolarin is a qualified Chartered Accountant; she holds a bachelor’s degree in Commerce from the University of Birmingham UK and a master’s degree in Information Systems from the prestigious London School of Economics.

Bolarin has served in various capacities on the boards of various publicly listed companies. She is currently a Non-Executive Director of Livestock Feeds Plc and chairs the Board Risk Management Committee.

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Appointments

Polaris Bank Boss, Bolarinwa Emerges as President of ACAMB

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The Head of Corporate Communications, Polaris Bank, Rasheed Bolarinwa was on Wednesday, elected as the president of the Association of Corporate Affairs Managers of Banks (ACAMB).

Rasheed Bolarinwa who has served the association as secretary-general for two terms emerged was declared president after the conclusion of the election in Lagos.

He was sworn-in alongside other elected executives– Oze Kalu as 1st vice-president (FirstBank); Lola Egboh as 2nd vice-president (First City Monumental Bank, FCMB); Sipe Babajide as secretary-general (EcoBank); Omide Odekina as assistant general-secretary (United Bank for Africa, UBA). 

Others were: Patrick Osilaja as financial secretary (Fidelity Bank); Funmilayo Falola as treasurer (Wema Bank); Abdul Imoyo as publicity secretary (Access Bank); Utulu Ozena as social secretary (Heritage Bank).

Speaking shortly after the swearing-in, the new president said, “we have no time to waste. Work commences immediately.”

He appreciated the members of the association for giving him the privilege to serve. 

He also thanked the immediate past executives and vowed to continue in their good works while exploring greater dimensions to move the association forward.

Bolarinwa hinged his agenda on the theme– PEAL which means Partnership & Platform, Engagement, Advocacy and Learning & Value addition. 

He said, “The new leadership will work assiduously to deliver an ACAMB that encourages and ensures every marketing communication staff in banks aspires and attains the highest level of professional recognition and fulfilment on the job while at the same time being assured of a sustainable livelihood long after exiting the industry.”

ACAMB is an umbrella body for managers and public relations professionals in the Nigerian banking sector. It was established in 1996 as a response to the negative perception of the banking industry during that period.

The objective of the association is to enhance the working relationship amongst banks, the government and the public.

It also aims to solidify trust and confidence amongst stakeholders for the growth of the banking sector.

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Appointments

C & I Leasing Appoints Ugoji Lenin Ugoji as Group Managing Director/CEO

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Ugoji Lenin Ugoji

C & I Leasing Plc has appointed Mr. Ugoji Lenin Ugoji as the Group Managing Director and Chief Executive Officer following the retirement of Mr. Andrew Otike-Odibi on 31 of December 2021.

The company disclosed in a statement signed by Mbanugo Udenze & Co Company Secretary and seen by Investors King. Ugoji, the company’s chief operating officer, is now the Managing Director/CEO, effective 1 January 2022.

Ugoji Lenin Ugoji Profile

Ugoji holds a Bachelors’ Degree in Estate Management from the University of Lagos, and an MBA in Banking & Finance from the ESUT Business School, Enugu. He is also a Chartered Pension professional, and an associate of the Certified Pension Institute of Nigeria.

Ugoji joins C & I Leasing with over 20 years experience in Commercial/Investment Banking, Leasing and Asset Management.

His last assignment was with The Mellanby Trust Company, a Commodity focused Asset Management Company registered with the Securities & Exchange Commission (SEC), where he was a founding Director and the Chief Investment Officer responsible for directing the company’s Investment Portfolio structure for purposes of its corporate and individual clients.

Ugoji’s extensive experience in the Leasing Industry commenced in 2005 as a Pioneer member of the Aquila Capital Group where he served as the pioneer Group Head Treasury & Wealth Management. He was responsible for creating the Group’s, Equipment Leasing focused Funding and Investment structure, which was targeted at attracting Capital from Private Equity, Foreign Development Financial Institutions and Local sources.

From 2010 to 2015, he served as the pioneer Managing Director for ‘Aquila Asset Management Ltd’, a Management Buy-Out firm from the Aquila Group. Prior to his time at the Aquila Group, Ugoji worked at Continental Trust Bank (now UBA) and NAL Bank Plc (now Sterling Bank) in the Treasury, International Operations and Domestic operations groups respectively.

Ugoji is happily married with children. He is passionate about ideas creation, investment and deal structuring, and enjoys volunteering for laudable causes. When not at work or volunteering, he enjoys spending time with his family, reading, music and photography.

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