FCMB Appoints Obaro Odeghe As ED, Wholesale Banking
The Oasis Reporters
March 5, 2022
First City Monument Bank (FCMB) has announced the appointment of Obaro Odeghe as Executive Director, Wholesale Banking following the approval of Nigeria’s Apex bank, Central Bank of Nigeria (CBN).
It is expected that Obaro will focus on deepening FCMB’s Wholesale Banking franchise in Nigeria by further expanding the coverage of bulk currency exchange, large fund management, trade transactions, working capital financing, and bank-to-bank lending for large corporations, other financial institutions, and government agencies, among others.
This is likely to come easy for the seasoned financial services executive with over 25 years of experience due to Obaro’s track record of exceptional performance which has cuts across Trade Finance and Operations, Corporate, Commercial, SME, Consumer, and Institutional Banking.
Most significantly, FCMB started out as a merchant bank before the universal banking license was launched under the military regime. Known then as First City Merchant Bank, the transition to universal banking came easy to the bank that underwent change and became First City Monument Bank, with the same acronym FCMB.
Obaro Odeghe holds a Bachelor of Agriculture degree from the University of Benin and a Master’s degree in Business Administration from the same University. He has attended several domestic and international executive training programmes at leading business schools, including Kellogg School of Management, Harvard Business School, Stanford Graduate School of Business, and the London Business School.
Obaro is a Fellow of the Institute of Credit Administration, a member of the Institute of Directors (IoD), an honorary Senior Member, Chartered Institute of Bankers of Nigeria (HCIB) and currently a Non-Executive Director on the Board of Financial Institutions Training Centre. He is also a Fellow of the National Institute of Marketing of Nigeria (NIMN) and the National Institute of Management (NIM).
A purpose beyond profit commercial banking institution, First City Monument Bank is a member of FCMB Group Plc, led by Ladi Balogun as Group Chief Executive. The bank has built a strong base in various sectors of the nation’s economy by consistently offering cutting-edge solutions to its customers across segments.
Having transformed successfully into a retail banking and wealth management-led group, FCMB expects to continue to distinguish itself through innovation and the delivery of exceptional services.
