Mr Chinedu Ikwudinma has been promoted to the position of group executive and group chief risk officer at Ecobank Group.
Ikwudinma takes over for Mr Eric Odhiambo, who was appointed as group executive, corporate and investment banking.
Odhiambo took over for Mr Akin Dada, who recently retired from the Ecobank Group after reaching the retirement age of 60, according to a statement issued by the bank on Tuesday.
According to the statement, prior to his appointment as GCRO, Ikwudinma served as the group’s chief credit officer since June 2019.
“I congratulate Chinedu on his elevation to the position of group chief risk officer,” said Ade Ayeyemi, Group Chief Executive Officer of Ecobank. Chinedu is a seasoned banker with extensive risk management knowledge.
“Since joining Ecobank in 2019, he has brought strong credit analysis and structuring expertise, 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 develop strong leadership capacity.”
Ade Ayeyemi, Chief Executive Officer of Ecobank Group, commented on Dada’s retirement, saying, “In the last five years with Ecobank, Akin has made very impactful contributions.”
“His invaluable and diverse experience in corporate banking over many years, 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 would like to thank Akin for his significant contributions and wish him a happy and fruitful retirement.”
Odhiambo was described as “a vastly knowledgeable banker with strong expertise in business development, credit structuring and understanding, as well as risk management” by Ayeyemi.
He believes he is capable of ensuring the achievement of the group’s corporate and investment banking business goals in the areas of loans, trade finance, advisory services, and cross-border payments.
According to the statement, Ikwudinma was the managing director of Nova Merchant Bank in Nigeria from September 2017 to August 2018.
“He also spent over 26 years with Citigroup in various senior management roles in commercial banking, corporate and investment banking, and risk management, serving as managing director of Citibank Uganda and head of corporate banking in Citibank Zambia,” the company said.
Odhiambo joined the Ecobank Group in September 2017 as group chief risk officer, according to the statement.
It said this came after 14 years with Citigroup in various senior management roles, including head of risk analysis and remedial management, country risk manager, regional head of risk management in Africa, Turkey, and the CIS, and senior credit officer.