Ecobank names Citigroup executive Ade Ayeyemi as new CEO

Pan-African bank Ecobank Transnational Incorporated has named Ade Ayeyemi as its new group chief executive. Nigerian Ayeyemi, currently head of Citigroup's sub-Saharan Africa division, will replace Ecobank CEO Albert Essien who is retiring at the end of June. He will lead a bank headquartered in Togo that has operations in 36 African countries.

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