Laurence Do Rego: When a whistle-blower triumphs
By Tasie Theodore
News of the recent appointment of the veteran banker, Laurence Do Rego to the position of Group Chief Regulatory and Compliance Officer at Ecobank Transnational Incorporated, ETI, surely has a hopeful ring.
As Group Chief Regulatory & Compliance Officer, Laurence is a a member of the Group Executive Committee and would be reporting directly to the Group Chief Executive Officer.
A seasoned banker with over 30 years of professional experience, she joined Ecobank in 2002 as Financial Controller for Ecobank Benin. She was previously also Group Chief Financial Officer; Group Executive Director, Finance, Risk & Internal Control, Group Executive, Commercial Banking and more recently Senior Advisor to the GCEO in charge of Special Projects.
Laurence Do Rego had come to the limelight in the near immediate past era when she fell out with then CEO, Thiery Tanoh, who she alleged had ordered her to misstate the bank’s 2012 results. She was subsequently sacked in the process.
When issues hit the roof, Nigeria’s then quite bubbly Securities and Exchange Commission, SEC and the board of the bank weighed in and she was reinstated to her position while Tanoh was relieved of his duties as CEO.
Ade Ayeyemi, incumbent Group GCEO, ETI commented on the new deployment: “We are pleased to announce Laurence as our Group Chief Regulatory & Compliance Officer. In line with our commitment to continuously strengthen the standards around regulatory and compliance requirements across the Group we recognize the importance of significantly high-level focus. Laurence has had a long career with the Ecobank Group with very strong and excellent knowledge of the Group and its operations. She is well versed to effectively manage the Group’s Regulatory and Compliance function.”
Acknowledged by peers as a most conscientious worker, Laurence Do Rego holds both bachelor and postgraduate degrees in Finance and Accounting. The Difference would be watching to see how much more impact this deployment will add to the bottom-line of an institution that remains quite clearly, the most widespread Africa-originating financial services brand at the moment.
Laurence Do Rego