FCMB Appoints New MDs
First City Monument Bank (FCMB) Group has appointed Adam Nuru as the Managing Director of the commercial banking arm First City Monument Bank Limited.
Nuru will from March 20, replace the current Group Managing Director, Ladi Balogun.
Balogun, having served as Group Managing Director of the 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. The holding company comprises FCMB Limited, FCMB Capital Markets, CSL Stockbrokers and CSL Trustees.
Nuru has 28 years of banking experience, with seven 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.