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DafriBank appoints new CEO, plans to start commercial banking operations in Nigeria

BY David Olalele



Ramaswamy Easwaran, DafriBank CEO

DafriBank has announced the appointment of its new Chief Executive Officer (CEO), Ramaswamy Easwara.

The South Africa-based financial institution also declared that it has commenced the construction of its new headquarters in Lagos State, Nigeria. gathered that Easwara’s appointment is part of the company’s plan to commence commercial banking operations in Nigeria by 2023.

In a statement released by Xolane Ndhlovu, the chairman, DafriGroup PLC, Easwara whose appointment took effect from Tuesday, September 1, will lead the growth and sustainability ambition of the digital bank.

The statement read: “Following a rigorous and extensive search process, we are pleased to have appointed someone of Easwaran calibre, experience, and ability to fill the important position.

“Easwaran’s strong knowledge of digital banking and successful background in financial services put him in an excellent position to lead the growth and sustainability of DafriBank.”

This reliable medium understands that he has worked in multiple large-scale projects and provided successful implementation, operations, solutions delivery, and structuring deals, business management, which involved data analytics and presentation to the management team.

The company’s new CEO, Easwara holds multiple academic degrees, including Bachelors in Accountancy, with the major studies in accounting, economics, taxation, and auditing.

Reports also have it that he holds an ACMA degree from the Institute of Cost Accounting of India (ICAI). Qualification includes Scrum Foundation Certificate (SFC).

He ass well certified in blockchain technology, data analytics, and artificial intelligence.

Easwara has over 18 years of experience working for some blue-chip financial institutions such as HSBC; ABN Amro, BNP Paribas; and IndusInd Bank.

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