TheCable

Ecobank Nigeria has announced the appointment of Charles Kie, an Ivorian national, as the new managing director designate of the bank.

In a statement issued on Tuesday, the bank said the appointment would take effect on January 1, 2016, but would be subject to the approval of the Central Bank of Nigeria (CBN) and meet other regulatory requirements.

The statement said Kie was appointed after a selection process which included internal and external candidates.

The bank said that until Kie’s appointment, he was the banks group executive responsible for leading the corporate and investment banking business across 40 countries, 36 of which were in Africa.

“Charles Kie represents ETI on the Board of Directors of EBI.SA, the Ecobank subsidiary in France as well as Ecobank Development Corporation (EDC), the investment banking arm of the Ecobank Group,” the statement read.

“Kie joined Ecobank in October 2011 as chief operating officer of the then Ecobank Capital and was subsequently appointed the head of the group’s corporate banking business.

“Between 2008 and 2011, Charles Kie was group CEO of Groupe Banque Atlantique, based in Togo and Cote d’Ivoire.

“Groupe Banque Atlantique (now majority owned by Banque Centrale Populaire of Morocco) had operations in eight countries in West Africa and one in Central Africa as well as a representative Office in Paris (France).

“Kie also had a successful career with Citibank between 1997 and 2008, rising to the position of CEO of Citigroup West Africa between 2004 and 2008.

“Kie, a graduate of Ecole Superieure de Commerce d’Abidjan (Cote d’Ivoire), has an MBA from the London School of Economics and an MSc from the University Of Clermont Ferrand France.

“He has attended the Harvard Business School – Advanced Management Programme.

“He is fluent in both English and French.”

Kie will succeed Jibril Aku, whose five-year tenure as managing director ends on December 31.