Change in leadership: FCMB Group Announces LeadershipChanges

The FCMB Group Plc has announced there-organisation of its leadership at the Group level, as well as its flagship.From Monday, March 20, 2017, Ladi Balogun, having served as Group Managing Director of the commercial banking arm, FCMB Limited for 10 years, will be stepping down in this capacity.He will assume the role of Group Chief Executive of the holding company, FCMB Group Plc..Mr Ladi BalogunThe holding company comprises FCMB Limited, FCMB Capital Markets, CSL Stockbrokers and CSL Trustees.READ ALSO:FCMB at it again – gives out brand new car, bursary, other prizes to winners of Flexx PromoUnder Ladi Balogun’s leadership, FCMB Limited has undergone a successful transformation from a merchant bank toa top 10 commercial bank in Nigeria across key metrics.During this period the bank has emerged as a leader in consumer finance, agricultural banking and electronic banking. The bank’s franchisehas grown to 4 million customers, 220 branches and a successful banking subsidiary in the United Kingdom.Mr Balogun will be succeeded as Managing Director of FCMB Limited by Adam Nuru, who is currently the Executive Director in charge of BusinessDevelopment for the bank.Mr Adam NuruHe previously served as Regional Director, in charge of Abuja and Northern Nigeria, where he was responsible for growing the bank’s Northern franchise to become the largest and most profitable region of thebank.Adam Nuru has 28 years of banking experience, with 7 years spent with FCMB. He is a graduate of Ahmadu Bello University, Zaria, where he studied Business Administration, and has attended management programmes at leading international educational institutions