Ecobank Appoints New Managing Director

The bank names Patrick Akinwuntan as its new Managing Director and Regional Executive as Charles Kie bows out.


Following the resignation of Charles Kie, the previous Managing Director of Ecobank Nigeria, the bank’s board members released a statement saying:

“The Board of Directors of Ecobank Nigeria Limited is pleased to announce, the appointment of Patrick Akinwuntan as the Managing Director designate of Ecobank Nigeria, subject to the approval of the Central Bank of Nigeria subject to applicable regulatory approvals.”

Akinwuntan was previously the Group Executive, Consumer Banking. He was responsible for managing the Consumer Banking operation throughout Ecobank’s global network of 40 countries, 36 of which were in Africa.

Before joining Ecobank, Akinwuntan was a General Manager at Spring Fountain Management Consultants, Lagos from 1993 until 1996. He was also the Deputy Manager – Corporate Finance, Credit and Marketing, Manufacturers at Merchant Bank Plc, Lagos from 1991 until 1993, and a Supervisor at Ernst & Young International (Chartered Accountants), Lagos from 1987 – 1991.

Patrick began his career with Ecobank in 1996 as Head of Commercial Bank and Regional Head in Nigeria. During his 22-year tenure at the bank, he has held several senior and executive positions within the Ecobank Group, including Executive Director, Retail Bank, Ecobank Nigeria, Group Chief Finance Officer, ETI, and Group Executive Director, Operations & Technology, just to name but a few.

Akinwuntan, a fellow of the Institute of Chartered Accountants of Nigeria (FCA), also holds a Master’s degree in Business Administration from the Obafemi Awolowo University, Ile Ife. He is an alumnus of the senior executive program (SEP) of the Harvard Business school, an honorary senior member of the Chartered Institute of Bankers of Nigeria and an associate of the Chartered Institute of Taxation of Nigeria.

Chairman of the Board of Ecobank Nigeria, John Aboh, congratulated the incoming Managing Director on his new appointment: “We warmly welcome Patrick back to Ecobank Nigeria and look forward to providing him with full support from the board.”

He also extended his thanks and best wishes to the outgoing Managing Director who will continue in the role during the transition process to ensure a smooth handover.

“I must, once again, extend our most sincere gratitude to Charles [Kie] for his tremendous contributions to Ecobank Nigeria’s development and wish him every success in his future endeavours.”

Built-in in Lomé, Togo in 1988, Ecobank Transnational Incorporated (‘ETI’) is the parent company of the leading independent African banking group, Ecobank. It currently has divisions in over 30 African countries, including Angola, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde and many more.

EcoBank currently has over 17,000 employees in 40 different countries and over 1,200 branches and offices. A full-service corporation that provides retail, wholesale and transactional banking services and products, to governments, financial institutions, multinationals, international organisations, medium, small and micro businesses, and individuals.