ECOBANK GROUP APPOINTS AMIN MANEKIA AS GROUP EXEC, CORPORATE & INVESTMENT BANKING

LOME, Togo, May 16, 2016/ -- Ecobank Transnational Incorporated (ETI) (www.Ecobank.com), parent company of the Ecobank Group, today announced the appointment of Mr Amin Manekia as Group Executive of its Corporate & Investment Banking business. Mr Manekia steps into the position vacated in late 2015 by Mr Charles Kié, who moved to become Managing Director of Ecobank Nigeria.

A national of Pakistan, Amin Manekia joins Ecobank with 28 years of international corporate banking experience. It includes an excellent grounding in transaction banking, commercial banking, credit risk and general management. His career spans various business and regional leadership roles across different parts of the world, notably the United States, Eastern Europe, Africa and the Middle East.

Mr Manekia was most recently with Citigroup, where he spent 25 years of his career. He joined Citigroup directly from university in the United States in 1988, moving to South Africa earlier this year as Managing Director and Africa Head for Citi Securities & Banking. In this role, he successfully led Citibank’s Institutional Clients business.

Before his move to South Africa, Mr Manekia spent two transit years at the Samba Financial Group in Saudi Arabia. There, he was the executive responsible for rebuilding the Kingdom of Saudi Arabia’s corporate banking portfolio following the financial crisis. Prior to this, he held various positions with Citibank in different businesses and regions. These included his Nairobi-based role as Managing Director & Banking Head for East and Southern Africa, with business management responsibilities for corporate banking for that region. In 2007, he was the Commercial Banking Head across Citibank’s Africa platform.

As Citibank Country Head for Bulgaria from 2004 to 2007, Mr Manekia successfully led the execution and development of a transformation strategy, which he achieved by quadrupling the bank’s business revenue base within his three-year tenure. In 1993, he relocated from New York to Pakistan, where he worked on the origination side of the business. During his six-year tenure in Pakistan, he held a series of corporate banking roles in Karachi and Lahore.

Mr Manekia’s appointment as Group Executive of Ecobank’s Corporate and Investment Banking business takes effect from 4 July 2016. He will report directly to the Ecobank Group CEO and be responsible for the following business lines: Corporate Banking Group; Transaction Service Group; Investment Banking Group; Fixed Income, Currencies & Commodities (Treasury); and Securities, Wealth and Asset Management.

Amin Manekia holds a degree in Business Administration and Finance from Boston University School of Management.


Distributed by APO (African Press Organization) on behalf of Ecobank.