Ecobank Transnational Incorporated has announced the appointment of Deepak Malik as Non-Executive Director. In a statement made available on the website of the Nigerian Stock Exchange, Mr Deepak Malik has been coopted to the Board of Ecobank Transnational Incorporated (ETI), the parent company of Ecobank Group as a Non-Executive Director.
Deepak Malik joins the ETI board of Directors as a nominee of Arise B.V which now holds a 14.1% equity stake in ETI following its purchase of shares previously held by IFC and the funds managed by the IFC Asset Management Company in August 2019.
Since January 2017, Deepak Malik has been the Chief Executive Officer of Arise, whose core mandate is to part to partner with sustainable financial services providers to advance financial inclusion in Africa.
Mr Malik is a Fellow of the Institute of Chartered Accountants, India and has a Bachelor’s Degree in Commerce (Honours) from the University of Delhi, India.