The outgoing Managing Director of Zenith Bank, Daniel Asiedu is heading to ADB as its new boss. 

According to statement issued by the bank’s board and signed by its chairman Nana Soglo Alloh IV, Mr. Asiedu’s appointment takes effect from March 1 2016.  

Mr. Asiedu recently announced his intention to retired from Zenith Bank after almost 7 years as MD and almost 10 years with the bank in Ghana.He is expected to officially move from Zenith Bank by the end of this month.

He takes over from Stephen Kpordzih who recently decided not to seek an extension of his contract after almost about six years as MD.

Below is a statement issued by the bank

MR. DANIEL ASIEDU APPOINTED MANAGING DIRECTOR OF AGRICULTURAL DEVELOPMENT BANK

Mr. Daniel Asiedu has been appointed the Managing Director of Agricultural Development Bank Limited (ADB) with effect from 1st March 2016.

Mr. Asiedu , a seasoned Banker and Financial Specialist brings on board his rich experience in the banking industry having been at the helm of affairs of Zenith Bank in Ghana as the Managing Director for over a period of six (6) years and served the Zenith Group for over a period of sixteen years.

 A Chartered Accountant by profession with about twenty (20) years working experience, he has extensive expertise in auditing, business consulting, general banking, financial management and investment. His working experience ranges from Pricewaterhouse Coopers, Zenith Bank Plc, Volta River Authority (VRA) and Standard Trust Bank Ghana Ltd (now UBA (Gh.) Ltd).

He holds a Bachelor's degree in Mechanical Engineering from the University of Ibadan, Nigeria and an Executive Masters degree in Business Administration (Finance Option) from the University of Ghana.

Mr. Asiedu has also attended many courses both locally and internationally including Executive Management courses at Harvard Business School, Columbia University, The Wharton Business School (University of Pennsylvania), Stanford Graduate Business School, Kellogg School of Management, INSEAD and Euromoney Training.

He takes over from Mr. Stephen Kpordzih.