Ecobank Nigeria MD Resigns

Fund management
  • Ecobank Nigeria MD Resigns

Ecobank Transnational Incorporated, the parent company of the Ecobank Group, on Monday announced the resignation of Mr Charles Kie as the managing director of Ecobank Nigeria Limited.

The ETI, in a statement sent to the Nigerian Stock Exchange, said prior to his current role at Ecobank Nigeria, Kie was the group executive, corporate and investment bank for ETI.

He joined Ecobank in October 2011 as chief operating officer of the then Ecobank Capital, and was subsequently appointed the head of the group’s corporate banking business.

According to the statement, the Board will immediately activate the process of selecting a successor.

“The successful candidate will be announced before the end of August. Mr Kie will continue to manage Ecobank Nigeria through the transition period to ensure a smooth handover to his successor,” it said.

The Ecobank Group Chief Executive Officer, Mr Ade Ayeyemi, said, “As Charles prepares to leave the Ecobank Group, I would like to thank him for his immense contributions to the group. He has certainly laid a strong foundation at Ecobank Nigeria and we wish him well in his future endeavours.”

Kie was quoted as saying, “I am proud of what the team and I have achieved together, and I thank them for the good work and their unwavering commitment to Ecobank. I also extend my sincere appreciation to the board. Despite some of the market challenges that we faced over the years, our customers have always been loyal, and it is their patronage that makes the future brighter.”

The Board Chairman, Ecobank Nigeria, Mr John Aboh, also congratulated Kie for the good work he and his team had done, and said he looked forward to the bank sustaining and improving on this.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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