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Ecobank Transnational Appoints New Chief Financial Officer


By Dipo Olowookere

Mr Greg Davis has been appointed by Ecobank Transnational Incorporated (ETI) as its Chief Financial Officer, and Group Executive, Finance.

Mr Davis’ appointment was announced on Thursday and he will oversee and ensure strategic management of all financial and fiscal aspects of the bank’s finance operations.

According to the company, his appointment follows a reorganisation at Ecobank in 2016, and a new strategy which provides a framework to serve customers more efficiently, while improving cost and risk management, and optimising the Group’s balance sheet.

Mr Davis has an extensive experience and knowledge of the African banking landscape, having worked for various financial institutions in similar roles across the continent.

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Speaking on the appointment, the Group Chief Executive Officer Ecobank, Mr Ade Ayeyemi, noted that, “Mr Greg brings a great depth of knowledge and experience at best practice level and I’m delighted to welcome him on behalf of the Ecobank leadership team.

“His deep knowledge of corporate, commercial and consumer banking finance will be invaluable as we look to achieve our corporate strategy.”

Mr Davis joins Ecobank from Standard Bank Africa, where he was the Chief Financial Officer for all Standard bank operations in Africa, outside South Africa.

In this role, he was responsible for strategy and execution of the finance function with 400 staff members across 19 African countries.

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His previous positions include Finance Director, Corporate Banking Africa, at Barclays Bank.

He has also worked with the Barclays Western Europe Retail Bank, Global Retail, and with the Commercial Banking, and prior to this with PricewaterhouseCoopers.

Commenting on the development, Mr Davis said, “I am delighted to join Ecobank to drive forward the execution of the new strategy of this leading Pan-African bank. I look forward to helping enhance the capability of the finance function to deliver its mandate.

His appointment at Ecobank takes effect from October 18, 2016 and he will be relocating to Lome, Togo with his family.

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Mr Davis holds a Bachelor of Arts degree in Economic and Social History from the University of Leicester, United Kingdom.

He is a Qualified Chartered Accountant and a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW).

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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