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FCMB appoints Odusanya as Deputy MD

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February 1, 2012

First City Monument Bank Plc, an indigenous Deposit Money Bank in Nigeria, has announced the appointment of Mr. Segun Odusanya as its Deputy Managing Director.

The bank in a press statement on Monday said the appointment was to further enhance the growth of its business and strengthen its management team in line with its corporate governance policy, which aligned with the Central Bank of Nigeria’s regulatory framework.

According to the DMB, Odusanya has over 18 years experience garnered across key banking functions which include Client Relationship, Sales, Corporate Banking and Operations.

“His most recent experience was as the Regional Executive Director, Client Relationship, Standard Chartered Bank, East Africa – covering Uganda, Kenya and Tanzania; a position he held since 2009, with major responsibility for driving the group’s agenda and strategy for Client Relationship business in East Africa,” FCMB said.

“Prior to attaining his most recent role, he had occupied different positions in Standard Chartered Nigeria, Zenith Bank, and erstwhile Chartered Bank.”

The statement noted that the new deputy director would be responsible for Treasury and Financial Markets, Risk Management and Compliance, Corporate and Commercial Banking, Transaction Services, and Institutional Banking, with the objective of ensuring the institution attained top-line revenue growth and profitability targets in the wholesale bank.

It added that Segun would also oversee the bank’s enterprise wide risks, while also deputising for the Group Managing Director and Chief Executive Officer in his absence.

According to the bank, the DMD holds a Bachelors degree in Banking and Finance, as well as Masters Degree in Finance from the University of Lagos.

“He has attended various managerial courses, including the General Management and Leadership Course at Said Business School, Oxford University,” the bank said.

Source: Punch

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