Qureshi Joins Ecobank Board as Khalifa, Matjila Leave

By Modupe Gbadeyanka

The appointment of Mr Aasim Qureshi to the board of directors of Ecobank Transnational Incorporated, the parent company of Ecobank Group, has been announced by the company.

In a statement issued today, the financial institution said Mr Qureshi was joining the board as a Non-Executive Director and nominee of Qatar National Bank (QNB).

The new director is replacing Mr Abdulla M. Al Khalifa on the board of directors of Ecobank, a company which has its headquarters in Lome, Togo.

Mr Al Khalifa was also a nominee Qatar National Bank and had been on the Ecobank board since 2015.

But the new nominee is very experienced and has over 20 years’ experience in senior positions across investment banking, law and medicine.

He is currently Managing Director, Investment Banking at QNB Capital LLC, and holds a Senior Executive position in QNB Capital in London and Paris.

He is also a member of the Investment Committee of a multi-million-dollar Qatar Central Bank Regulated Fund and oversees a significant European real estate portfolio.

Prior to joining QNB Group in 2008, he was an investment banker at Nomura Code Securities Limited and a lawyer with CMS Cameron Mckenna LLP advising private and listed corporate clients.

He holds various postgraduate qualifications in Law, Management and Medicine.

He has significant capital market experience having raised over $50 billion in corporate and sovereign bonds and $4.5 billion in primary and secondary Initial Public Offers.

He is a highly experienced adviser to private and listed companies on all aspects of corporate financing strategies, oversees Mergers and Acquisitions transactions from origination to close and manages complex corporate restructurings.

In a related development, Ecobank has also announced the resignation of Mr Daniel Matjila as a non-executive director of the company, a company he has held since 2012 as nominee of the Public Investment Corporation where he served until recently as Chief Executive Officer.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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