Ecobank signs an enhancement agreement with Old Mutual
As part of efforts to strengthen the existing ties between the leading pan-African bank and the insurance and asset management giant, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM) have announced an enhanced strategic agreement on Friday.
Clients will also benefit mutually through access to a range of financial services that include life insurance, savings and short-term insurance solutions across a greater network on the African continent.
Chief Executive Officer (CEO) of Ecobank Group Ade Ayeyemi revealed plans for the integrated model include providing access to Old Mutual solutions for Ecobank’s banking operations across selected countries.
Old Mutual Emerging Markets currently has a bank assurance partnership with the Ecobank
Chief Executive Officer of Old Mutual Emerging Markets Ralph Mupita, also said: “It is in our mutual interest to ensure that this alliance grows from strength to strength, as we now look to complement Ecobank’s range of banking services to its customers with Old Mutual’s trusted financial products across the Ecobank network on the continent.”
The agreement which was signed yesterday at the Ecobank Group’s Home office goes into immediate effect.