Ecobank Transnational Incorporated, parent company of the Ecobank Group, and Old Mutual Emerging Markets (OMEM), a member of the Old Mutual Group, have announced a new strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant.

Ralph Mupita, CEO of Old Mutual Emerging Markets, said: “It is in our mutual interest to ensure that this alliance grows from strength to strength, as we now look to complement Ecobank’s range of banking services to its customers with Old Mutual’s trusted financial products across the Ecobank network on the continent.”

OMEM currently has a bancassurance partnership with the Ecobank Group.

This latest agreement will grow the existing strategic alliance by offering seamless insurance services to Ecobank customers across selected countries where the two groups have operations.

Customers will benefit through access to a range of financial services that include life insurance, savings and short-term insurance solutions across a greater network on the African continent.

Ade Ayeyemi, Ecobank Group CEO, said plans for the integrated model include providing access to insurance solutions offered by Old Mutual Emerging Markets for Ecobank’s banking operations across selected countries.

“This is a productive and valued partnership between two pan-African institutions to provide complete financial services solutions to our customers,” he said.