FCMB appoints Olufemi Badeji as executive director

Temmy Adebayo

First City Monument Bank Group Plc (FCMB) has appointed Olufemi Badeji to the board as executive directors in charge of corporate and investment banking.

The appointment follows the approval by the Central Bank of Nigeria (CBN) and it took effect from October 2, 2019, FCMB Group said in a corporate disclosure signed by Olufunmilayo Adedibu, its secretary.

Badeji holds a BSc. degree (magna cum laude) in electrical engineering, with a minor in mathematics, from the University of Hartford, Connecticut, USA and a MSc. in electrical engineering, with specialization in computer and communication networks from Worcester Polytechnic Institute, Manchester USA.

After working for five years as a system software engineer, he obtained his MBA in finance and accounting from Wharton School, the University of Pennsylvania in 2006.

Badeji has over 15 years of investment banking experience in the United States, Nigeria and South Africa.

He worked for the now-defunct Lehman Brothers and Houlihan Lokey in the USA and upon moving back to Nigeria in 2009, he worked as a vice president in FCMB Capital Markets Limited.

The new executive director joined Rand Merchant Bank in September 2011 where he rose to the position of the head, corporate finance for Nigeria, responsible for growing and developing client relationships, as well as the origination, execution and management of transactions.

His transaction experience includes capital raising (both debt and equity), corporate restructuring, private equity transactions and providing financial advice to institutions in industries spanning architecture, business services, fast-moving consumer goods, financial services, infrastructure, Telecoms, IT services, oil & gas, the public sector, real estate and specialty finance.

According to the statement, “Femi Badeji comes with varied experience in investment banking and his joining the FCMB Group Plc board will have a positive impact on the FCMB Group as a whole.”