Conservative ex-banker elected Ecuador president © Getty Images Guillermo Lasso has vowed to attract foreign investment and break away from leftist policies
A conservative former banker, Guillermo Lasso, has won Ecuador s presidential election following a run-off vote.
His opponent, the left-wing economist Andrés Arauz, conceded defeat hours after polls closed on Sunday.
With almost all the ballots counted, Mr Lasso had won 52.5% of the vote compared to Mr Arauz s 47.5%.
Mr Lasso, a 65-year-old three-time presidential candidate, told supporters he accepted the challenge of changing our country s destiny . It s a day in which all Ecuadoreans have decided their future, he said. They have used their vote to express the need for change and the desire for better days.
Conservative ex-banker elected Ecuador president
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