Simon Dornoo, an experienced banker and former Managing Director of GCB Bank, has been elected as one of two new Directors of Ecobank Transnational Incorporated (ETI).
Shareholders of the pan-African lender, which is headquartered in Togo, at its 32nd Annual General Meeting (AGM), elected Mr. Dornoo and Professor Enase Okonedo, Dean of Lagos Business School (LBS), to the board. The two esteemed individuals are expected to bring decades of expertise to complement the Board.
ETI is a pan-African banking group with banking operations in 35 African countries serving wholesale and retail banking customers. It also has representative offices in China, Dubai, France, and United Kingdom. It is listed on three stock exchanges namely NSE, GSE and the BRVM.
Mr. Dornoo joins with a wealth of experience in banking and finance and extensive exposure to UK and African financial markets. During his six years with GCB Bank, he led the turnaround of the bank into one that was vibrant, profitable and resilient. This achievement was recognised by the markets, reflecting in an unprecedented rise in its market capitalisation that placed its stock among the best performing financial institution stocks in Ghana and in Africa.
Mr. Dornoo currently provides consulting and advisory services to financial services firms to improve their overall business performance in broad areas of management including turnaround and restructuring.
Prior to GCB, he held senior management positions in Barclays Bank Ghana, serving as Finance Director and Country Treasurer, as well as in the UK with Barclays Plc. where he was Finance Director for Barclays’ businesses in Africa and the Indian Ocean, which spanned 11 countries.
He started his banking career with CAL Bank where he occupied senior management positions in Finance, Credit and Marketing functions having joined from KPMG.
He has served on a number of boards, mainly in the financial services sector both locally and abroad and currently holds directorship positions in other sectors of the economy. He is the immediate past president of the Ghana Association of Bankers.
Simon Dornoo has an MBA from Manchester Business School and he is a member of the Institute of Chartered Accountants, Ghana.