Here’re FirstHoldCo’s non-bank subsidiaries new board members

First HoldCo Plc (FirstHoldCo) has appointed new board members across its non-commercial banking subsidiaries. This follows regulatory approvals from the Securities and Exchange Commission (SEC) and the National Insurance Commission (NAICOM). The new board members appointments are part of efforts to deepen FirstHoldCo governance, strengthen oversight, and position the business for sustainable growth. The new appointments are aimed at bringing seasoned professionals with wealth of experiences to the subsidiaries, aligning the Group with international best practices in corporate governance. This infusion of leadership talents reflects the FirstHoldCo Board’s strategic and deliberate resolve to make these entities future-ready in both products and service offerings.

At First Asset Management Limited, Ebikabo Williams has been appointed Chairman of the Board, bringing her extensive industry knowledge spanning banking, capital markets, and consulting. She will be supported by equally experienced board members like Usman Dantata Jr., Binta Max Gbinije, and Alero Mobola Adollo. These appointments are expected to further consolidate the firm’s position as a dominant player in the asset and wealth management space in Nigeria.

At FirstCap Limited, Yewande Amusan has been appointed Chairman. She is an accomplished finance professional with experience cutting across both public and private sectors. Ahmed Indimi and Irene Akpofure were appointed along with Adenike Kuti and Zeal Akaraiwe.

Read also: These deals pushed First Holdco shares to record high

First Securities Brokers Limited, which recently emerged as one of the top performers in the Nigerian Exchange Limited’s (NGX) Brokers Performance Report in terms of both trading volume and transaction value, has named John Akpeki as Chairman. He is expected to leverage his vast experience in global marketing and networking. He is joined by Omolara Adeyemi, Susan Younis and Kemi Andu-Alausa.

Similarly, First Trustees Limited, one of the Group’s long-standing subsidiaries in trust and estate management, has strengthened its governance structure with the appointment of John Lee as its Chairman. He has over 40 years’ experience in global financial services, specialising in Corporate &

Institutional Banking and Wealth Management across Africa. The other members of the board who are bringing their combined rich wealth of experience are Abiola Alabi, Adebisi Sola-Adeyemi, and Ugochukwu Obi-Chukwu.

For its insurance business, First Insurance Brokers celebrating its 25th anniversary last year has appointed Akinola Phillips as Chairman. He is joined by Ije Onejeme, Folukemi Akinmeji and Mojisola Cardozo.

Commenting on the appointments, Femi Otedola, Group Chairman of First HoldCo Plc said: “We are delighted to welcome these distinguished professionals to the boards of our noncommercial banking subsidiaries. Their proven expertise, impeccable track records, and leadership will play a critical role in shaping the next phase of our growth, enhancing stakeholder value, and reinforcing our position as a trusted African leader delivering innovative solutions across diverse sectors.”

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

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.

Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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