FCMB Appoints Yemisi Edun As New CEO

LAGOS – The Board of Directors of FCMB Group has appointed Ms Yemisi Edun as the Managing Director and Chief Executive Officer of its largest subsidiary, First City Monument Bank Limited with effect from May 1, 2021, following the approval of the Central Bank of Nigeria (CBN).

In a note to the Nigerian Exchange (NGX), the Board said the new Managing Director has served as the Executive Director/Chief Financial Officer of the bank before serving as Acting Managing Director.

Yemisi Edun took over the reins of First City Monument Bank (FCMB) in an acting capacity in January 2021 after the immediate past Managing Director Adam Nuru proceeded on a leave.

She becomes the first female CEO of Subomi Balogun-backed FCMB.

In January, the bank’s board appointed Ms Edun, who was the bank’s executive director/chief financial officer at the time, to hold the fort for Nuru, to allow for an investigation into a paternity scandal involving the former CEO, Moyo Thomas, a one-time FCMB employee and Tunde Thomas, her late husband.

Prior to this appointment, the new Managing Director, Ms Edun, was the executive director/chief financial officer of the bank and previously served as the acting managing director.

With a work experience spanning nearly 35 years, Yemisi Edun holds a Bachelor’s degree in Chemistry from the University of Ife, Ile-Ife and a Master’s degree in International Accounting and Finance from the University of Liverpool, United Kingdom.

She is a Fellow of the Institute of Chartered Accountants of Nigeria and a Certified Financial Analyst, CFA® Charter holder. She is also an Associate Member of the Chartered Institute of Stockbrokers; an Associate Member of the Institute of Taxation of Nigeria; a Member of Information Systems Audit and Control, U.S.A; and a Certified Information Systems Auditor.

Read the Source post on Independent Newspaper Nigeria.

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