(Business in Cameroon) - On December 3, 2014, Ecobank Transnational Incorporated (ETI), parent company of the Ecobank pan-African banking group, announced the appointment of four non-executive administrators to its board. Among them is 51 year-old Cameroonian national, Alain Nkontchou, the current Managing Director of Enko Capital Management LLP, a London-based asset management company that focuses on investment opportunities in Africa. The company was founded by his brother, Cyrille Kamdem Nkontchou.

Former Managing Director of Macro Global Trading Group with Crédit Suisse in London, Alain Nkontchou did tertiary studies in electrical engineering (Université de Paris VI, Supélec and Ecole supérieure de commerce de Paris), finance and accounting. He was also Managing Director of JP Morgan Chase & Co in London at 30. Ecobank notes, therefore, that he has “an impressive amount of experience in generating tens of millions of dollars in revenue for the companies with which he worked.”

Alain Nkontchou, who will represent the interests of the major client Enko Capital Management on the Ecobank group’s board, will officially take his place on the board in June 2015, once the bank’s shareholders approve the appointment of the four non-executive administrators. This will be done at ETI’s first annual general assembly.

The eldest of a brotherhood (with only one sister, Mireille Nkontchou) of four top finance experts in Africa, Europe and the USA, Alain Nkontchou was one of the first Africans to arrive on the London capitals market in the 80s. Alain Nkontchou is the 2^nd Cameroonian to sit on the ETI board after André Siaka, who acted as Ecobank’s interim president after the resignation of Nigerian Kolapo Lawson.

BRM