Ms Edun, the bank’s former executive director/chief financial officer, was appointed in an acting capacity in January.
Yemisi Edun, who took over the reins of First City Monument Bank (FCMB) in an acting capacity in January after the immediate past Managing Director Adam Nuru proceeded on a leave, has been appointed the Managing Director of FCMB Group .
She becomes the first female CEO of Subomi Balogun-backed FCMB, the appointment having received the blessing of the industry regulator, the Central Bank of Nigeria, the financial services group said in a note to the Nigerian Exchange Limited .
FCMB said Ms Edun was appointed simply because Mr Nuru’s service at the bank had come to an end.
“The Board of Directors of FCMB thanks Mr Nuru for his years of dedicated service and wishes him all the best in his future endeavours,” the statement said.
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.