Finance

Ecobank appoints new head of corporate banking

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Ecobank Transnational Incorporated, parent company of the Ecobank Group, has announced the appointment of Akin Dada as the new Executive Director of Corporate and Investment Banking.

Previously Head of Ecobank Group’s Corporate Banking, Dada joined Ecobank in 2017 as the Executive Director of Corporate Banking in Nigeria, according to a statement from Ecobank on Tuesday.

The bank said 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.

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Prior to joining Ecobank, he was the Managing Director for Citigroup Cameroon, where he worked for 26 years in 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, according to the bank.

He also worked briefly with Access Bank Nigeria Plc as Group Head, Oil & Gas.

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Ecobank Group Chief Executive Officer, Ade Ayeyemi, said, “Akin’s valuable and varied experience over many years in corporate banking as well as his broader knowledge of banking, credit and risk management position him appropriately to lead our Corporate and Investment Bank.

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“There are huge opportunities for the Ecobank Group with the implementation of the AfCFTA, which heralds burgeoning demand for trade finance, advisory services and cross-border payments.”

The bank added that Dada had an MBA from the University of Warwick, UK, and a degree in political science from the University of Ibadan.

He succeeds Amin Manekia, who retired from the group in 2020.

Punch

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