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Our Board of Directors

As at September 30 2009, the Board was composed of a Chairman and twelve (seven non-executive and five executive) directors, with a clear separation of duties between the Chief Executive Officer and the Chairman. The seven non-executive directors are drawn from diverse business backgrounds, have enviable records of achievement in their respective fields and so bring broad perspectives, high levels of competencies and experience to board deliberations.

Dr. Jonathan A.D. Long
Chairman
Over 29 years’ corporate finance experience, working in merchant banking in the UK, Switzerland and Nigeria. This has included acting as project director on numerous teams advising the Nigerian government, major multinationals and large corporates on major financial transactions. Holds Bachelor’s, Master’s and Doctorate degrees from Oxford University. Joined FCMB in 1985 and was Managing Director of the Bank from 1987 to 2005.
Mr. Ladi Balogun
Group Managing Director / Chief Executive Officer
Over 16 years’ banking experience in commercial and investment banking in UK, USA and Africa with Morgan Grenfell (Investment Bank) and Citibank. Holds Bachelor’s degree in Economics from the University of East Anglia, UK and MBA from Harvard Business School. Appointed Managing Director in 2005 upon conclusion of the Bank’s successful IPO and mergers with Co-operative Development Bank, Nigerian-American Bank and acquisition of Midas Bank. He also serves on the Board of Directors of Credit Direct Limited (a leading micro-lending organisation), CSL Stockbrokers and Interswitch Nigeria Limited (Nigeria’s leading transaction payment switch).
Mr. Anurag Saxena
Executive Director / Chief Operating Officer
Joined the board of FCMB with over 20 years’ experience in all aspects of banking including Retail Banking, Commercial Banking, Transaction Banking, Distribution, Marketing, Product Development, Strategy, IT, Service Quality and Operations in Asia, Africa, Middle East and Europe. Before joining FCMB in 2007, he was Director - Strategic Initiatives and Innovation for Barclays Africa, Middle East and the Indian Ocean. Prior to that, he has worked for Citibank, Standard Chartered and Mashreq Bank in a variety of senior roles in many countries. An Electrical Engineer from the Regional Institute of Technology, India, he also has an MBA from the Indian Institute of Management, Calcutta in India. As well as being a Fellow of the Chartered Institute of Marketing UK (FCIM), his other qualifications include the International Investment Advisory Certificate (IIAC) and International Capital Markets Certificate. He also holds (ICMQ) qualifications from the British Securities Institute, UK.
Mr. Henry Semenitari
Executive Director (Public Sector & Government)
Over 21 years’ banking experience, including commercial and retail banking, corporate banking, operations and internal control. Before joining FCMB in 2005, he has worked for Zenith Bank, Diamond Bank, United Bank for Africa Plc and Afribank, where he was responsible for developing the retail banking business across a network of over 150 branches. In addition to having attended the Harvard Business School Advance Management Programme (AMP173), he holds a Bachelor of Science degree in Chemical Engineering from the University of Lagos and an MBA from the International Graduate School of Management, University of Navarra (IESE) Barcelona, Spain.
Mr. Peter Obaseki
Executive Director (Transaction Banking)
Over 20 years’ banking experience, spanning information technology, financial control and credit. He started his career with KPMG Ani & Ogunde as a banking applications consultant and was a pioneer member of staff at Fidelity Bank. Holds Bachelor of Science, Master of Science and MBA Finance degrees from University of Lagos. A professionally qualified banker (ACIB), he has also attended Leadership courses at the Columbia Business School New York. Joined FCMB in 1997.
Mr. Nabeel Malik
Executive Director (Retail Banking)
Joined FCMB in 2009 from Mashreq Bank, Dubai, where he was Senior Vice President responsible for business development and strategy for international markets, overall governance of existing businesses and retail expansion internationally. He was also Chief Marketing Officer while at Mashreq. Prior to these appointments, he was with Citibank, where his posts included Regional Marketing Director for CitiGold (Europe, Middle East and Africa) and Regional Head of Consumer Banking for the Gulf and Pakistan. Has also worked with ABN AMRO as country manager of retail banking in Greece, Taiwan and Pakistan. Holds a Bachelor’s degree from Princeton University and a Master’s degree from the Yale School of Management
Mr. G.T.S. Adokpaye
Non-Executive Director
Joined the Board in 1984. Also holds Board positions in a number of other companies. Before his appointment at FCMB, worked with Mobil Oil Nigeria where he was Executive Director, subsequently retiring from an executive position in 1984. Other senior posts held at Mobil between 1968 and 1972 included Commercial Manager and Sales Manager. Holds a Bachelor’s degree from the University of Ibadan.
Dr. John Udofa
Non-Executive Director
Began his career with Benue Agricultural Development Corporation in 1980 as an accountant. Subsequently, worked with Merchant Bank Icon Ltd then Cooperative Development Bank, where he was appointed General Manager / Ag. Managing Director / CEO in 2001, then Managing Director in 2002. Holds HND in Accounting (The Polytechnic, Calabar, 1980), MBA (University of Ibadan, 1990) and a Doctorate (St. Clement’s University, USA, 2004). Joined the Board in 2005.
Mr. Tope Lawani
Non-Executive Director
He is the Co-founder and Managing Director of Helios Investment Partners, an investment firm focused on making private equity investments in Sub-Saharan Africa and was previously a Principal at Texas Pacific Group (1996 – 2004). Holds a Bachelor of Science degree from Massachusetts Institute of Technology (1991) and an MBA from Harvard Business School (1996). Joined the Board in 2007.
Mr. Nigel Kenny
Non-Executive Director
Began his career with PricewaterhouseCoopers in 1973, rising to Deputy Regional Audit Manager. Subsequently worked with Chase Manhattan Bank National Association, USA between 1982 and 1992 then joined Standard Chartered Plc, London, rising to Group Executive Director for Finance in 1999 until he left in 2002. Holds Bachelor of Science and Doctorate degrees from the University of Surrey. Fellow of the Institute of Chartered Accountants, England and Wales. Joined the Board in 2007.
Mr. Ladi Jadesimi
Non-Executive Director
Joined the Board in 1983. He began his career with Coopers and Lybrand in London in 1970. On his return to Nigeria, worked with Nigerian Acceptance Ltd, subsequently joining the tax practice of Lavethol & Horwarth (Canada). Joined Arthur Andersen as a partner until he left in 1983 to start his own private practice as an independent financial consultant. A graduate of Oxford University (Jurisprudence, 1969), he is also a Fellow of the Institute of Chartered Accountants, England and Wales.
Mr. Bismarck Rewane
Non-Executive Director
Worked with the First National Bank of Chicago, where he rose to the level of a General Manager and Treasurer of the Bank, which later became the International Merchant Bank Nigeria Limited. He retired from the Bank to co-found the Financial Derivatives Company Limited, the leading Economic and Business Research organization in Nigeria. He served as a Director of Lion Bank of Nigeria for 7 years and Intercity Bank Limited for a period of 5 years. In addition to being on the Board of the First City Monument Bank, he is also currently on the Board of the First City Group, FCMB (UK) Ltd, Top Feeds Nigeria Limited, Delta Packaging Nigeria Limited, Seepec Nigeria Limited, Nigerian Economic Summit Group, Modant Marine Limited, Virgin Nigeria Airways Limited, Nigeria LNG Foundation, UBA Custodian Limited, UNIC Insurance Plc, Navgas (A Vitol Subsidiary), Guinness Nigeria Plc. He holds a Bachelor’s degree from the University of Ibadan and is an Associate of The Institute of Bankers, England and Wales. He joined the Board in 2002. Mr. Rewane is also a part-time facilitator of Macro-economic programmes at the Lagos Business School, and a renowned and acclaimed commentator on contemporary political and economic issues.
Alhaji Ibrahim Damcida
Non-Executive Director
Joined the Board in 2006. He commenced his working career as an accountant with the Ministry of Trade and Industry of the Government of Northern Region in 1959 and was transferred to the Federal Service in Lagos in 1962. He was a three time Permanent Secretary in three different ministries [Ministry of Trade (1966 to 1970), Ministry of Defense (1970 to 1975) and Ministry of Finance in 1975]. His business interests include banking and telecommunications and he is on the board of several blue chip companies in Nigeria. An accounting graduate of the Westminster College (1956) and North-West Polytechnic (1958) in England.
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