{"id":5651,"date":"2014-03-12T11:39:52","date_gmt":"2014-03-12T11:39:52","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=5651"},"modified":"2014-03-12T11:39:52","modified_gmt":"2014-03-12T11:39:52","slug":"bankers-hail-appointment-of-albert-essien-as-eti-ceo","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/bankers-hail-appointment-of-albert-essien-as-eti-ceo\/","title":{"rendered":"Bankers hail appointment of Albert Essien as ETI CEO"},"content":{"rendered":"<figure id=\"attachment_5656\" aria-describedby=\"caption-attachment-5656\" style=\"width: 300px\" class=\"wp-caption alignright\"><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/0.jpg\"><img loading=\"lazy\" class=\"size-medium wp-image-5656\" alt=\"Albert Essien\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/0-300x225.jpg\" width=\"300\" height=\"225\" srcset=\"https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/0-300x225.jpg 300w, https:\/\/citifmonline.com\/wp-content\/uploads\/2014\/03\/0.jpg 480w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-5656\" class=\"wp-caption-text\">Albert Essien<\/figcaption><\/figure>\n<p>Banking Consultant and Principal Consultant\u00a0at\u00a0Osei Tutu\u00a0II Centre for Executive Education &amp; Research, Nana Otua Acheampong has described the appointment of Albert Essien\u00a0as the new group CEO of\u00a0Ecobank Transnational Incorporated (ETI) as a good choice.<\/p>\n<p>He said: \u201cThis is a good choice am confident he will be one of the best for the bank.\u201d<\/p>\n<p>Albert Essien\u00a0was nominated for that role by the bank\u2019s board on Tuesday. He assumed his new role as group CEO of\u00a0Ecobank Transnational Incorporated\u00a0today.<\/p>\n<p>He replaced Thierry Tanoh whose departure from the bank was announced on Tuesday.<\/p>\n<p>Prior to this development, South Africa&#8217;s Public Investment Corporation, the bank&#8217;s biggest shareholder had called for the immediate resignation of Tanoh.<\/p>\n<p>The resignation call followed allegations that Tanoh used &#8220;strange tactics&#8221; to stop Ecobank&#8217;s board meeting on February 25 and continued to use the bank&#8217;s platform to pursue his political and personal interests.<\/p>\n<p>Four other directors of the bank including Albert Essien had also called for his resignation following serious indictments on the bank by the Nigeria Security and Exchange Commission.<\/p>\n<p>Essien\u2019s appointment brings to an end the board room wrangling at least for now in the bank over issues of corporate governance among others in the bank.<\/p>\n<p>With\u00a0operations in 35 countries across Africa and one of the leading pan-African banks on the continent\u00a0Albert Essien\u2019s latest appointment makes him one of the most powerful bankers in Africa.<\/p>\n<p>He also becomes the second Ghanaian to assume this role.<\/p>\n<p>Albert Essien has been at Ecobank for more than twenty years rising to the position of Deputy Group CEO two years ago.<\/p>\n<p>Prior to becoming Deputy CEO Mr Essien was the Regional Head for the Anglophone West Africa (excluding Nigeria) and Eastern and Southern Africa (ESA) regions.<\/p>\n<p>He started his banking career in 1986 with the National Investment Bank in Accra, Ghana and joined the Corporate Banking Department of Ecobank Ghana in 1990.\u00a0In 1997, he became Country Risk Manager.<\/p>\n<p>He was appointed Deputy Managing Director in 2001 and became Managing Director in December 2002.<\/p>\n<p>Albert Essien has a degree in Economics from the University of Ghana and is an alumnus of the Executive Development Program of INSEAD (France \/ Singapore).<\/p>\n<p>He is also an honorary fellow of the Chartered Institute of Bankers, Ghana.<\/p>\n<p>Commenting after his appointment Albert Essien said he was committed to achieving the bank\u2019s vision of building a world class pan-African bank which contributes to the economic development and financial integration of Africa and to the bank\u2019s mission of providing its retail and wholesale customers with convenient, accessible and reliable financial products and services.<\/p>\n<p>According to him though the bank has faced challenges at the governance level in the recent past, but they are not insurmountable.<\/p>\n<p>But with these challenges facing the bank will Albert Essien be able to steer the bank in the right direction.<\/p>\n<p>Banking consultant Nana Otua Acheampong expressed the believe that \u201che has been there before although at a national level, now he is going international. He is a type of person who relishes challenges because \u00a0the challenge they gave him to set up affiliates in Southern Africa and Eastern Africa were done creditably so am pretty sure he will be able to weather the storm.\u201d<\/p>\n<p>Meanwhile, the Board of Directors of ETI has also announced that in line with a directive from the Securities and Exchange Commission of Nigeria, Mrs. Laurence do Rego has also been reinstated as Group Executive Director of Finance and Risk with immediate effect.<\/p>\n<p>&nbsp;<\/p>\n<p>By: Efua Idan Osam\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banking Consultant and Principal Consultant\u00a0at\u00a0Osei Tutu\u00a0II Centre for Executive Education &amp; Research, Nana Otua Acheampong has described the appointment of Albert Essien\u00a0as the new group CEO of\u00a0Ecobank Transnational Incorporated (ETI) as a good choice. He said: \u201cThis is a good choice am confident he will be one of the best for the bank.\u201d Albert Essien\u00a0was [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":5656,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bankers hail appointment of Albert Essien as ETI CEO - Citi 97.3 FM - Relevant Radio. 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He said: \u201cThis is a good choice am confident he will be one of the best for the bank.\u201d Albert Essien\u00a0was [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/citifmonline.com\/2014\/03\/bankers-hail-appointment-of-albert-essien-as-eti-ceo\/\" \/>\n<meta property=\"og:site_name\" content=\"Citi 97.3 FM - Relevant Radio. 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