First City Monument Bank (FCMB) Group announced the appointment of Adam Nuru as the Managing Director of the commercial banking arm First City Monument Bank Limited.
Nuru will from March 20, replace the current Group Managing Director, Ladi Balogun.
Balogun, having served as Group Managing Director of the FCMB Limited for 10 years, will be stepping down in this capacity.
He will assume the role of Group Chief Executive of the Holding Company, FCMB Group Plc.
The holding company comprises FCMB Limited, FCMB Capital Markets, CSL Stockbrokers and CSL Trustees