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Ecobank appoints Dan Sackey as MD of Ghana subsidiary

02 Aug 2016, 03:33 pm
Financial Nigeria
Ecobank appoints Dan Sackey as MD of Ghana subsidiary

News Highlight

- Dan Sackey is appointed as Managing Director of Ecobank Ghana, and Regional Executive for Anglophone West Africa.


Ecobank Transnational Incorporated (ETI) said on Tuesday it has appointed Dan Sackey as Managing Director of its Ghanaian operation, Ecobank Ghana, and Regional Executive for Anglophone West Africa, subject to regulatory approvals.

The Lome-based bank said Sackey’s appointment follows a company-wide reorganisation earlier this year, which created four geographical units: Nigeria, with head office in Lagos; Anglophone West Africa based in Accra; French West Africa based in Abidjan; and Central, Eastern, and Southern Africa, with head office in Nairobi.

Sackey, a Ghanaian national, is currently the Managing Director of Ecobank Zimbabwe and Cluster Head for the Southern Africa Development Community (SADC) zone, where he directs Ecobank’s businesses in Zimbabwe, Zambia, Malawi, Mozambique and Democratic Republic of Congo, in addition to spearheading the expansion of the Ecobank franchise into Angola.

He has served as Managing Director of Ecobank Rwanda, Deputy Group Risk Manager, and Regional Risk Manager. He holds an MBA from the University of Birmingham and a BSc in Accounting from the University of Ghana. The new appointment takes effect from September 1, 2016.

Sackey succeeds former Ecobank Ghana Managing Director, Samuel Adjei, who was appointed Managing Director of Ecobank Kenya and Group Executive, Central, Eastern and Southern Africa earlier this year.

Ecobank is one of the largest banks in Africa with operations in 36 African countries and over $21 billion in assets. In the six months ended on June 30, 2016, Ecobank said gross earnings fell 4 percent year-on-year to $1.34 billion while after-tax profit fell 38 percent year-on-year to $152.3 million.


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