Company Information
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Management Team

FCMB is underpinned by a management team with proven execution capabilities.

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.
Mrs. Olajumoke P. Bakare
Company Secretary / Group Legal Counsel
She began her legal career with Adedeji & Co. in 1985 after graduating with a second class upper division qualification from the Nigerian Law School in 1984. Worked with the Nigerian Law School as a lecturer between 1989 and 1992. Joined the legal department of FCMB in 1992. Holds a Bachelor’s degree in Law from the University of Ife (now Obafemi Awolowo University) and a Master’s degree in Law from the University of Lagos (1991).
Mr. Babatunde Macaulay
Group Head, Human Resources
Over 13 years experience spanning Manufacturing and Banking sector. Joined FCMB in 2007 from Standard Chartered, South Africa, where he was regional head, transaction banking. He has successfully set up FCMB’s wholesale transaction banking business and on the retail side, is driving the migration to alternative channels. He is also an Executive Sponsor for the Bank’s Transformation Initiative.
Mr. Adebowale Adesanya
Chief Risk Officer
Joined FCMB in 1989 as a management trainee and has since then worked in various areas including banking operations, corporate banking, treasury and credit risk management. Before his current appointment, he was at various times in charge of the Bank’s Operation and Support Group and also the Bank’s Treasurer. Holds a Bachelor’s degree in Political Science (1986) and an MBA (1989), both from the University of Lagos. He is an Associate of the Institute of Chartered Accountants of Nigeria.
Mrs. Yemisi Edun
Chief Financial Officer
Began career as an auditor with Akintola Williams & Co (member firm of Deloitte Touche Tohmatsu) in 1987, becoming a Senior Manager before joining FCMB in 2000. Holds a Bachelor of Science degree from the University of Ife. A Fellow member of the Institute of Chartered Accountants of Nigeria and a graduate member of the Chartered Institute of Stockbrokers (CIS), she is also an associate member of the Chartered Institute of Taxation of Nigeria, member of Information Systems Audit and Control Association and a Certified Information Systems Auditor.
Mrs. Bukola Smith
Divisional Head, Investment Banking Group
Began banking career in 1993 with FSB International Bank Plc where she worked in funds transfer, international trade, treasury and private banking. Joined Fidelity Bank in 2000, becoming Divisional Head of Treasury and Institutional Banking in 2004. Joined FCMB in 2006. Holds a Bachelor’s degree in Economics from the University of Lagos. Associate of Institute of Chartered Accountants of Nigeria (1998) and Chartered Institute of Pension Management (2005).
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