Ecobank Group has appointed Mr Chinedu Ikwudinma as group executive and chief risk officer.
Following Mr Eric Odhiambo’s appointment as group executive, corporate and investment banking, Ikwudinma takes over in that post.
Mr Akin Dada, who just retired from the Ecobank Group at the age of 60, was replaced by Odhiambo, the bank said in a statement on Tuesday.
Before he was appointed GCRO, Ikwudinma served as the group’s chief credit officer since June 2019, according to the statement.
Ade Ayeyemi, Ecobank’s Group Chief Executive Officer, stated,
“I congratulate Chinedu on his elevation to the position of group chief risk officer. Chinedu is a consummate banker with extensive risk management experience“.
“Since joining Ecobank in 2019, he has brought on board his strong credit analysis and structuring acumen as well as an all-encompassing risk management intellect. We are pleased to be able to appoint senior executives from within the group as we continue to build strong leadership capacity into the future”.
Ade Ayeyemi, Chief Executive Officer, Ecobank Group, commented: “In the last five years with Ecobank, Akin has made very impactful contributions.
“His invaluable and varied experience over many years in corporate banking, as well as his broader knowledge of banking, credit and risk management, ideally positioned him to lead our Group Corporate and Investment Banking business. I thank Akin for his significant contributions and wish him a very happy and fruitful retirement”.
Ayeyemi described Odhiambo as “a vastly knowledgeable banker with strong expertise in business development, credit structuring and understanding as well as risk management”.
He claims to have the ability to ensure that the group’s corporate and investment banking business achieves its goals in the areas of loans, trade financing, advisory services, and cross-border payments.
According to the announcement, from September 2017 to August 2018, Ikwudinma was managing director of Nova Merchant Bank in Nigeria before joining the Ecobank Group.
“He also spent over 26 years with Citigroup in various senior management roles in commercial banking, corporate and investment banking and risk management, has served as the managing director of Citibank Uganda and head of corporate banking in Citibank Zambia,” it said.
Odhiambo joined the Ecobank Group as group chief risk officer in September 2017, according to the announcement.
This came after 14 years with Citigroup in several senior management positions, including head of risk analysis and corrective management, country risk manager, regional head of risk management in Africa, Turkey, and the CIS, and senior credit officer, among others.