Ecobank Ghana MD heads for CESA

Ghana:  Ecobank bank Ghana’s Managing Director Mr. Samuel Ashitey Adjei has stepped down. The move follows his appointment as the MD for the bank’s recently combined region, Central, Eastern, and Southern African (CESA) Countries, consisting of 18 subsidiaries. Mr. Adjei’s exist from Ecobank Ghana will be on the 30th March, 2016. Its unclear who will take up his position in Ghana following his exit. 

Sam Adjei, assumed the position of Managing Director for Ecobank Ghana in 2006 and is credited with the bank’s outstanding performance in the last several years.He is credited with increasing the bank’s branches from eight to 78 branches during his tenure.Mr. Adjei, who started his banking career over 25 years ago, has spent the significant part of his career with Ecobank.

He joined Ecobank in 1990 and held several business leadership positions until his appointment as Managing Director.Prior to the MD role, He was Deputy Managing Director for a year, and following that, was an executive director, and head of Corporate Banking & Treasury.
Commenting on his departure Mr. Adjei said:
“I have spent the last 25 years of my life, contributing to and helping to build this great institution of ours – Ecobank. But the real credit goes to the many great men and women alongside whom I have worked in Ecobank Ghana, the West African Monetary Zone region, and Ecobank overall.

I have had the privilege of working with the best and brightest in the industry. Together, my leadership team, and the respective boards of directors, have been the pillar of success at Ecobank Ghana, and the West African Monetary Zone region. I leave my customers and my partners in the industry with a heavy heart, but I continue to believe that it is the overall franchise that has contributed to their respective journeys with Ecobank, and I wish them all well with continued success.”
Ecobank Group CEO Ade Ayeyemi praised Mr Adjei for his contribution to the bank “over the last several years, and more so in the last 10 years, as Managing Director, Sam has taken our Ghana Subsidiary to unprecedented leadership heights, and has given us a franchise that is well positioned for continued and sustainable success.
The last 10 years have seen this subsidiary grow exponentially. It has become the most successful and profitable subsidiary, both internally within the Ecobank Group, and externally in the Ghana banking industry. We are confident that Sam will exemplify this success in his new role as Regional Executive for our newly created CESA Region”.
Meanwhile chairman of the Ecobank Ghana Board, Mr. Terence Darko, said: “Sam is a modest and assiduous gentleman. It has been a pleasure to work and learn from him the business of banking.
This is a well-earned promotion. On behalf of the Ecobank Ghana Board, its Management team and staff, I would like to thank Sam for his commitment and outstanding leadership over the last ten years.
We wish Sam continued success in his new and challenging assignment. There is no doubt that he will replicate this success in his new role.”
Source: Citifmonline