FBN Holdings PLC Appoints 2 New Board Members

Posted by African Examiner Business News Wednesday, March 4th, 2015

FBN Holdings Plc has announced the appointment of Mr. Omatseyin Akene Ayida and Mrs. Bosede Adebola Osibogun as Non-Executive Directors on its board. The directors bring to bear several years of experience spanning the banking and financial services industry and their appointments are in tandem with FBNHoldings’ strategic focus to become the foremost financial services company in Sub-Saharan Africa. The appointments are however subject to the approval of the Central Bank of Nigeria.

According to the Group Chief Executive Officer, FBN Holdings PLC, Mr. Bello Maccido, the Holding Company was created to retain the diversity of the financial services business of the Group, making FBNHoldings the one-stop financial supermarket for all financial services solutions. “Mr. Ayida and Mrs. Osibogun were chosen to deepen specialization in the board” he stated. Their appointments bring the total number of directors in the FBNHoldings Board to nine.

Mr. Ayida is an honorary member of the Chartered Institute of Bankers of Nigeria. He started his career with Credit Lyonnais France and rose through the ranks to become the Deputy Managing Director of Credit Lyonnais Nigeria. He led the transformation of Credit Lyonnais to Capital Bank International Plc and became the pioneer Managing Director of the bank. Mr. Ayida has over 20 years’ experience in banking spanning project finance, corporate finance, trusts and investments, treasury, corporate banking and human resource. He is presently the Managing Director of Ruyat Oil Limited. He is an alumnus of the prestigious University of Kent, Canterbury, United Kingdom, where he obtained his Bachelor’s degree in Economics and Politics. He has attended executive programmes in top business schools including Harvard Business School, Boston, USA and has been on the board of several institutions.

Mrs. Osibogun is a Fellow of the Chartered Institute of Bankers of Nigeria, Chartered Institute of Taxation of Nigeria, and Nigerian Institute of Management. With over 30 years hands-on experience in banking and financial services, Mrs. Osibogun had held various managerial positions including Managing Director, Corporative Savings and Loans Limited, General Manager, Corporative Bank PLC, Regional Director, Skye Bank PLC, and Managing Director, SKYE Trustees Limited. She has delivered several lectures on banking and finance and has authored a number of articles expounding on issues within the financial services sector. Mrs. Osibogun obtained her Bachelors and Masters Degrees from the University of Ibadan in Economics Education and Banking and Finance respectively. She has attended several strategic management programmes in global business schools including INSEAD, Fontainebleau and has had several professional appointments within the financial services industry. She is presently the President and Chairman of Council, Chartered Institute of Bankers of Nigeria.

Commenting further on their appointment, Mr. Maccido stated that FBNHoldings would continue to seek the best talents in the industry to add to its heritage and depth of experience as it drives industry leadership, anticipates business needs of customers and initiates change responsibly.

About FBN Holdings Plc

FBN Holdings Plc. (ISIN: NGFBNH000009) is the most diversified financial services group in Nigeria. The subsidiaries of FBN Holdings offer a broad range of products and services across commercial banking, investment banking and asset management, insurance and microfinance business in 12 countries (Lagos, Nigeria; London, United Kingdom; Paris, France; Johannesburg, South Africa; Beijing, China; Abu Dhabi, UAE; Kinshasa, Democratic Republic of Congo, Accra, Ghana; Banjul, Gambia, Conakry, Guinea, Freetown, Sierra Leone and Dakar, Senegal). The Group, employing over 9,600 staff, has about 9.4 million active customers, through more than 850 business locations and about 2,500 ATMs. The group boasts an excellent corporate governance structure underpinned by strong institutional processes, systems and controls. FBN Holdings Plc. is structured under four business groups, namely: Commercial Banking, Investment Banking and Asset Management, Insurance, and Other Financial Services.

FBN Holdings’ principal subsidiary is First Bank of Nigeria Limited (FirstBank), a commercial bank with operations in 12 countries. Other subsidiaries are FBN Capital, a leading investment banking and asset management company; FBN Insurance Limited, a risk underwriter and FBN Microfinance Bank, which offers microfinance services. FBN Holdings Plc. was incorporated in Nigeria on 14 October 2010, following the business reorganization of the First Bank group into a holding company structure. The Company was listed on the Nigerian Stock Exchange under the ‘Other Financial services’ sector on 26 November 2012 and has issued and fully paid-up share capital as 32,632,084,356 ordinary shares of 50 kobo each (₦16,316,042,178). FBNHoldings is owned by about 1.3 million shareholders across the globe and has an unlisted Global Depositary Receipt (GDR) programme.

Visit our website, www.fbnholdings.com for more information.

GENERAL ENQUIRIES

Folake Ani-Mumuney

Folake.Ani-Mumuney@firstbanknigeria.com

+234 (0)802 533 9102