The Board of Directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director and Chief Executive Officer of its largest subsidiary, First City Monument Bank Limited, effective May 1, 2021 fpllowing the approval of the Central Bank of Nigeria.
Prior to her appointment, 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, 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.
The appointment was subsequent to the end of service of the bank’s former Managing Director, Adam Nuru.
The bank said the board had earlier reviewed media allegations made in late 2020 against the former Managing Director and did not establish any contravention of its policies.
The Board of Directors of FCMB acknowledged Mr Nuru for his years of dedicated service and wished him all the best in his future endeavours.