Niamkey Isidore Tanoe, an Ivorian banker and leading executive, has launched the financial holding Majoris Financial Group, as he moves to build a leading financial services group with the aim of enriching the financial ecosystem and driving regional growth.
Majoris Financial Group, which will be headquartered in Abidjan, the economic capital of Cote d’Ivoire and one of the most populous French-speaking cities in Africa, will drive growth and create shared wealth in the WAEMU (West African Economic and Monetary Union) region through strategic acquisitions.
The recently launched entity, led by Tanoe, a successful Ivorian investment banker and business executive, will acquire stakes in various companies in the regional financial sector, with a special emphasis on investment funds, securitization, and leasing, with the goal of enriching the regional financial ecosystem.
According to an Ecofin Agency report, information on the holding company’s investment strategy regarding the assets under management and the shares to be acquired for each operation was not disclosed.
The recent move comes just weeks after Tanoe was replaced as CEO of Atlantique Finance by Habib Kone as part of the group’s decision to reposition the business with the goal of increasing performance and, most importantly, consolidating the bank’s positioning.
As the former CEO of Atlantique Finance, and the president of APSGI, the stockbroker association of the WAEMU region, Tanoe has accumulated several years of experience in the financial services sector and the investment banking industry.Â
The leading banker was a portfolio manager at Citibank Cote d’Ivoire before joining Atlantique Finance. Citibank Côté d’Ivoire is a leading financial services institution and the largest foreign bank in Cote d’Ivoire.
