DafriBank names Ramaswamy Easwara as new CEO

DafriBank, a borderless, digital-only financial institution headquartered in South Africa, has named a new Chief Executive Officer and started building a new headquarters in Lagos , Nigeria. This is part of plans to launch commercial banking activities in Nigeria by 2023.

The new CEO Ramaswamy Easwara holds several academic degrees with the major studies in accounting , economics, taxation and auditing, including Bachelors in Accountancy. He also holds a degree in ACMA from India’s Institute of Cost Accounting (ICAI). Qualification requires the Scrum Certificate of Foundation (SFC). He holds certifications in blockchain technology, artificial intelligence, and data analytics.

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

The bank confirmed that the digital bank’s growth and sustainability goals will be guided by Easwara, whose appointment took effect on 1 September.

He also worked in several large-scale projects and supported the management team with effective execution, logistics, solutions distribution and structuring transactions, market management including data analytics and presentation.

“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,” said Xolane Ndhlovu, chairman, DafriGroup PLC. “Easwaran ‘s deep digital banking experience and efficient financial services history put him in an excellent position to lead DafriBank’s growth and sustainability.”