KEY POINTS

• FCMB has appointed Bismarck Rewane as non-executive director and chairman of its board.
• The Central Bank of Nigeria approved the appointment of the veteran economist.
• Rewane brings more than 40 years of experience in research, investment banking and management.

First City Monument Bank Limited has appointed Bismarck Rewane as a Non-Executive Director and Chairman of its Board of Directors, following approval from the Central Bank of Nigeria. The lender said the appointment strengthens its leadership as it enters a new phase of growth on the back of a stronger capital base.

Decades of financial sector experience

Rewane brings more than 40 years of experience across macroeconomic research, investment banking and strategic management. He currently serves as Managing Director of Financial Derivatives Company Limited, a leading financial advisory and economic research firm. Moreover, he has held leadership roles at International Merchant Bank Nigeria Limited and First National Bank of Chicago, and he sits as a Fellow of the Nigerian Economic Society.

According to the bank, Rewane graduated in Economics from the University of Ibadan and holds fellowships of the Chartered Institute of Bankers of Nigeria and the Institute of Chartered Bankers of England and Wales. Furthermore, he has completed executive programs at top schools, including the Oxford International Capital Markets programme, the Euromoney Institute of Finance and IMD Lausanne in Switzerland.

A track record across blue-chip boards

Beyond banking, Rewane has served on the boards of several blue-chip firms and multinationals. Notably, those roles include Guinness Nigeria Plc, British American Tobacco, Henkel Nigeria Limited, Top Feeds Nigeria Limited and Africa Infrastructure Plus Partners. In addition, he served on the Presidential Steering Committee for the Resolution of the Global Economic Crisis, which deepened his exposure to high-level economic policy.

Consequently, FCMB said it expects his expertise in macroeconomics, corporate governance and strategic management to sharpen the board’s direction. The bank added that this experience, combined with its stronger capital position, would help drive the next phase of growth while it continues to deliver value to stakeholders.

First City Monument Bank Limited operates as a member of FCMB Group Plc, a financial services company that provides banking, consumer finance, investment management and fintech services. Ultimately, the lender framed Rewane’s arrival as a deliberate move to anchor its governance with a widely respected voice in Nigerian finance, as it positions itself for expansion in a competitive market.