FCMB Group appoints Yemisi Edun as Managing Director of banking subsidiary

13 Jul 2021
Financial Nigeria


FCMB Managing Director Yemisi Edun

The Board of Directors of FCMB Group Plc has announced the appointment of Yemisi Edun as the Managing Director of First City Monument Bank (FCMB) Limited, the banking subsidiary of the financial services group. Mrs. Edun will replace the former Managing Director, Adam Nuru.
Prior to this appointment, Mrs. Edun was the Executive Director/Chief Financial Officer of the bank and previously served as the acting Managing Director. She has a work experience spanning nearly 35 years.

Mrs. 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.
In a statement sent to Financial Nigeria, FCMB said the Board had earlier reviewed media allegations made in late 2020 against the former MD and did not establish any contravention of the bank’s policies. The Board of Directors of FCMB thanked Mr. Nuru for his years of dedicated service and wishes him all the best in his future endeavours.

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