First HoldCo Names New Boards in Non-Banking Subsidiaries

First HoldCo Names New Boards in Non-Banking Subsidiaries

First HoldCo Plc has announced new board appointments across its non-commercial banking subsidiaries as part of measures to strengthen governance, deepen oversight and position the businesses for sustainable growth.

The diversified financial services group said the appointments followed regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM).

According to a statement issued by the group’s media unit on Sunday in Lagos, the board changes are aimed at injecting experienced professionals into the subsidiaries and aligning operations with international best practices in corporate governance.

The statement said the leadership refresh reflects the First HoldCo Board’s strategic resolve to make its non-banking businesses future-ready in both product offerings and service delivery.

At First Asset Management Ltd., Ms Ebikabo Williams was appointed Chairman of the Board, bringing extensive experience in banking, capital markets and consulting.

She will be supported by board members including Usman Dantata Jr., Binta Gbinije and Alero Adollo, appointments expected to further consolidate the firm’s position in the asset and wealth management space.

At FirstCap Ltd., Ms Yewande Amusan was appointed Chairman, alongside Ahmed Indimi, Irene Akpofure, Adenike Kuti and Zeal Akaraiwe as board members.

First Securities Brokers Ltd. appointed Mr John Akpeki as Chairman, with Omolara Adeyemi, Susan Younis and Kemi Andu-Alausa joining the board.

Similarly, First Trustees Ltd. named Mr John Lee as Chairman, bringing over 40 years’ experience in global financial services, particularly in corporate and institutional banking and wealth management across Africa.

Other board members at First Trustees Ltd. include Abiola Alabi, Adebisi Sola-Adeyemi and Ugochukwu Obi-Chukwu.

For its insurance business, First Insurance Brokers appointed Mr Akinola Phillips as Chairman, alongside Ije Onejeme, Folukemi Akinmeji and Mojisola Cardozo.

Commenting on the appointments, the Group Chairman of First HoldCo Plc, Mr Femi Otedola, said the group was delighted to welcome seasoned professionals to the boards of its non-commercial banking subsidiaries.

Otedola said their expertise, track records and leadership would play a critical role in shaping the next phase of the group’s growth as a trusted African leader delivering innovative solutions across diverse sectors.

“These appointments reaffirm our commitment to building resilient businesses that contribute meaningfully to economic development in the broader ecosystem in which we operate,” he said.

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