Eke emerges FBN Holdings’ helmsman



Awosika, Adeduntan lead banking subsidiary 

The long wait for the replacement of the recently retired Group Managing Director/Chief Executive Officer of First Bank of Nigeria Limited (FirstBank), Bisi Onasanya, may have ended with many surprises.

FBN Holdings Plc, the parent company of the bank, yesterday, unveiled a total rejig of the group, with the current Executive Director, South, First Bank of Nigeria, UK Eke, replacing the pioneer Group CEO, FBN Holdings, Bello Maccido.

However, Maccido will now become the Chairman of the newly-licenced FBN Merchant Bank Limited. But in the place of Onasanya, the current Executive Director/Chief Finance Officer, Dr. Adesola Adeduntan emerged managing director -designate, FirstBank, with the current Executive Director, Lagos and West, Gbenga Shobo, as deputy managing director-designate.

Also, FirstBank’s Chairman, Ajibola Afonja, will retire and Mrs. Ibukun Awosika will take over. These decisions have been ratified by the Board of Directors, subject to all necessary regulatory approvals and due to take effect from January 1, 2016.

Bello, as pioneer Group CEO of the FBN Holdings Group, birthed the process to establish the multi-faceted group to comply with diverse regulatory requirements, navigating through uncharted territory.

He will undoubtedly bring his wealth of experience, spanning over 30 years post Call to Bar, as an accomplished retail, corporate and investment banker, to bear in his new role at FBN Merchant Bank.

The incoming Group Managing Director, Eke, has over 30 years post experience in financial services, auditing, consulting, taxation, process engineering and capital market operations.

The Managing Director-designate, Adeduntan, has garnered diverse expertise in treasury and financial management, risk management, accounting, corporate governance and strategy development, advisory and compliance.

The new DMD-designate, Shobo has a banking career spanning over 25 years with experience in Corporate banking, Institutional banking, Commercial banking, Retail banking and Treasury.

Group Chairman, FBN Holdings, Dr. Oba Otudeko, said: “Following an exhaustive and competitive process, we are proud to announce these appointments.

In reaching these decisions we are mindful of the imperatives for a more efficient group structure that will benefit the Group’s need to deploy systems which deepen efficiency while expanding revenue and returns on investment. “We are confident that we have made the right choices in these appointees.

In selecting our MD and DMD we were particularly mindful to identify outstanding and topnotch professionals with complementary and mutually reinforcing skill set. “These appointments are a testament to the strength of our succession planning mechanisms and the caliber of candidates it produces.

It also re-articulates our commitment to put our customers first with the confidence in the value that this new leadership team brings to bear on behalf of the Group, customers and employees, even as we strive to return greater value to shareholders.”

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