Tuesday, November 24, /11:00 AM / Coronation Merchant Bank / Header Image Credit: Coronation Merchant Bank
The Board of
Directors of Nigeria's leading financial institution; Coronation Merchant Bank
Limited has announced the appointment of Funke Feyisitan Ladimeji as an Executive Director of the Bank with effect
from November 18, 2020, consequent to the approval of the Central Bank of
Nigeria.
Funke joins the
Bank from FBNQuest Merchant Bank where she spent eight years as the Chief
Operating Officer (COO). Before now, she was the Executive Director/COO
at JP Morgan. Funke has over 30 years' experience managing a variety of Banking
businesses across Markets and Corporate Finance Businesses, across multiple
jurisdictions in EMEA (Europe, Middle East and Africa), North America and Asia,
and across multiple functional areas, including Financial Control, Complex
Product Accounting, Technology, Business Operations and Human Capital in major
financial institutions within and outside Nigeria. She is a Fellow of the
Institute of Chartered Accountants of England & Wales and holds a Master's
degree in Globalization and a Bachelor's degree in Economics from Queen Mary
and Brunel Universities respectively.
As the Executive
Director, Funke's remit will include Compliance, Information Technology,
Centralized Operations, Customer Service, Global Trade and Administration
functions. She will also be the Bank's Executive Compliance Officer.
Announcing the
new appointment, the Chairman of Coronation Merchant Bank, Mr Babatunde
Folawiyo stated that: "Funke brings to us a rich portfolio of experience
garnered over the years in various leadership capacities. She could not have
joined us at a more promising time in our journey to becoming an institution
renowned for driving transformative solutions across Africa. I am confident her
appointment will further strengthen and position the Bank for improved
performance".
He further
stated, "As a Bank, we maintain high corporate governance standards and ensure
that Board appointments are in line with global best practices and industry
standards. Her appointment follows a long tradition of working with the best
and brightest across all levels of our organization.
Coronation
Merchant Bank was established in 2015 to provide wholesale banking to a
long-underserved market. The Bank offers Corporate & Investment Banking,
Private Banking/Wealth Management and, Global Markets/Treasury Services to its
niche clientele. It presently has two branches located in Abuja and Port
Harcourt with its Head Office in Lagos, Nigeria.
The Bank has
been the recipient of numerous international and national awards for product
innovation and sound corporate governance practices. Some of the international
awards it received in 2020 and 2019 include Best Investment Bank in Nigeria by
Global Finance, Best Investment Bank in Nigeria by World Finance, Best
Investment Bank in Nigeria by Global Banking & Finance Review, Best
Investment Bank by Global Business Outlook and Best Investment Bank in Nigeria
by International Finance.
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