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Strategic Agreement Ecobank signs an enhancement agreement with Old Mutual

This recent agreement is expected to grow the existing strategic alliance by offering a continuous insurance services to clients of Ecobank across selected countries where the two groups have operations.

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Ecobank Transnational Incorporated (ETI) play

Ecobank Transnational Incorporated (ETI)

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.

This recent agreement is expected to grow the existing strategic alliance by offering a continuous insurance services to clients of Ecobank across selected countries where the two groups have operations.

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.

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