Ladi Balogun Quits FCMB As Group CEO
Mr. Ladi Balogun, son of Otunba Subomi Balogun, founder of the FCMB Group, is quitting his job as Group Managing Director/CEO of FCMB Limited come March 20, 2017.
Balogun who has steered the ship of the commercial bank, a subsidiary of FCMB Holdings, for 10 years is required by law to vacate office for a successor.
Adam Nuru, Executive Director in charge of Business Development for the bank will take over from Balogun. According to a statement from the bank, Nuru who has 28 years banking experience (7 years with FCMB) contributed immensely to the growth of the bank’s Northern franchise.
Meanwhile Mr. Balogun will now assume a bigger responsibility as Group Chief Executive of the holding company which comprises of FCMB Limited, FCMB Capital Markets, CSL Stockbrokers and CSL Trustees.