Samuel Ashitey Adjei, MD of Ecobank Kenya and Regional Executive of Central, Eastern and Southern Africa has retired after almost three decades.
Cheick Travaly, the current Regional Chief Operating Officer for Central, Eastern and Southern Africa has been appointed as the successor. This, however, will be subject to regulatory approval.
Adjei, who is also on the Ecobank Group Management Committee, recently played a leading role in driving Ecobank Group’s partnership agreement with the International Federation of Red Cross and Red Crescent Societies.
His previous roles at
Ecobank have included MD of Ecobank Ghana, Deputy MD of Ecobank Ghana and
Executive Director and Head of Corporate Banking and Treasury.
Ade Ayeyemi, Group CEO of Ecobank said, “Sam’s impactful performance, dedication and commitment have been apparent to all during his almost three decades with Ecobank. He has been instrumental in building Ecobank Ghana into the most profitable affiliate in the Group and the leading bank in Ghana during his 10 years as its Managing Director, and the financial condition of CESA has improved markedly under his stewardship in recent years, with its profit before tax increasing by 79% to US$111 million in 2018. On behalf the Ecobank Group and Board I want to wholeheartedly thank him and wish him all the best in his retirement.”
“It has been a real honour to have played a role in the development and growth of Ecobank in its journey to bring economic development and integration to middle Africa. I have long regarded Ecobank’s digital strategy as a masterstroke driving transformational change for millions of Africans by seamlessly serving them with innovative and constantly evolving products and services. Even though I am retiring, I will always follow Ecobank’s progress with interest and I have every confidence that it will continue to reach new heights as it drives beneficial change across Africa,” Adjei said.
Cheick Travaly has 28 years professional experience, the last 14 of which have been spent as a Banking Executive serving six different countries.
He holds two Master’s
degrees, one in Business Administration from the University of South Carolina
and another in Economics from the University of Dakar in Sénégal.
Travaly began his career in the mining sector in Guinea, before making a permanent move into the banking industry. One of his early roles was as a Local Corporate Manager for Citibank Senegal, however he has been employed at Ecobank since 2001 when he took the role of Corporate Bank Headat Ecobank Senegal.
Ecobank is currently has a presence in 36 African countries, namely: Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Congo (Brazzaville), Congo (Democratic Republic), Côte d’Ivoire, Equatorial Guinea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea Bissau, Kenya, Liberia, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Sierra Leone, South Africa, South Sudan, Tanzania, Togo, Uganda, Zambia and Zimbabwe.