Effective, Monday, March 20, 2017, Ladi, son of FCMB founder, Otunba Michael Olasubomi Balogun, will be stepping down as the Group Managing Director of First City Monument Bank.
And stepping into his shoes will be Adam Nuru. The new FCMB boss has been into banking for 28 years, out of which he’s spent seven with FCMB. He read Business Administration at the Ahmadu Bello University, Zaria, Kaduna State and has attended several management courses both home and abroad.
Hitherto the Regional Director in charge of Abuja and Northern Nigeria, his predecessor henceforth assumes the designation of Group Chief Executive of the holding company, FCMB Group Plc. After a 10-year stint.
The HoldCo comprises FCMB Limited, FCMB Capital Markets, CSL Stockbrokers and CSL Trustees.