Adepoju Becomes Ecobank’s Group Chief Financial Officer

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By Modupe Gbadeyanka

Ecobank Transnational Incorporated (ETI), the Lomé-based parent company of Ecobank Group, has announced Mr Ayo Adepoju as the substantive Group Chief Financial Officer of the financial institution.

The appointment of Mr Adepoju, who had been on the position in an acting capacity since April 2019, is with immediate effect. He would be expected to report directly to the Group Chief Executive Officer of Ecobank, Mr Ade Ayeyemi.

Commenting on the appointment, Mr Ayeyemi said, “We are pleased to announce Ayo’s appointment as Group Chief Financial Officer. During the period in which he has been performing the role in acting capacity, Ayo has shown clear capacity to lead our finance function.

“His financial acumen, industry knowledge and company experience, including playing a key role in our recent inaugural Eurobond issuance, make Ayo well qualified to provide financial leadership and strategic vision to the bank. I warmly congratulate Ayo and look forward to continuing to work with him closely.”

Prior to his current role, Mr Adepoju was Group Head of Business Performance and Analytics. He worked on the strategic aspects of the financial management of the Group, including close equity investor interaction.

He has built up significant experience within the group and has a deep understanding of the underlying drivers of the business across Africa which are imperative for the continued growth of the Group.

He has also worked in the past as Ecobank’s Group Financial Controller, when he was responsible for financial and regulatory reporting for the Group.

Prior to joining Ecobank, he had a career at PricewaterhouseCoopers in London and Lagos as an Assurance Manager in the financial services practice. He is an Accounting graduate of the University of Lagos, Nigeria, where he earned a Bachelor of Science degree with First Class Honours and has an MBA from Warwick Business School, United Kingdom.

Mr Adepoju is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with national overall best prize awards at two consecutive stages of the ICAN examinations. He has attended executive education courses at both the Harvard Business School and the London Business School.

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