The First City Monument Bank (FCMB) has appointed Olufemi Badeji as its new Executive Director – corporate and investment banking.
In a statement, the lender disclosed that Badeji’s appointment had been approved by the Central Bank of Nigeria (CBN), with effect from October 2, 2019.
Badeji holds a BSc. degree (magna cum laude) in Electrical Engineering, with a minor in mathematics, from the University of Hartford, Connecticut, USA and an MSc. in Electrical Engineering, with a specialization in computer and communications networks from Worcester Polytechnic Institute, Manchester USA. After working for 5 years as a system software Engineer, he obtained his MBA in Finance and Accounting from Wharton School, the University of Pennsylvania in 2006.
He 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. He joined Rand Merchant Bank in September 2011 where he rose to the position of Head, Corporate Finance for Nigeria, responsible for growing and developing client relationships, as well as the origination, execution and management of transactions.
Badeji’s 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 specialize finance.
He 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.