FCMB Appoints Olufemi Badeji Executive Director

Dipo Olowookere

Mr Olufemi Badeji has been appointed as an Executive Director in charge of Corporate and Investment Banking at First City Monument Bank (FCMB) Plc.

His appointment, which took effect on Wednesday, October 2, 2019, was announced by the banking group on Monday after an approval from the Central Bank of Nigeria (CBN), the industry watchdog.

In a statement yesterday, the lender said Mr Badeji is joining the FCMB Group Plc Board to create a positive impact with his varied experience in investment banking.

The new appointee holds a BSc. degree 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 5 years as a system software Engineer, he obtained his MBA in Finance and Accounting from Wharton School, University of Pennsylvania in 2006.

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

Mr 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 and gas, the public sector, real estate and specialty finance.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via dipo.olowookere@businesspost.ng

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