Board Members

Frank le Roex

Frank le Roex

Chairman of the Board and member of Board Audit and Risk Committee, Remunerations and Nominations Committee and Credit Committee
Frank began his banking career at Citibank where he gained extensive experience of corporate and investment banking. He subsequently became the General Manager and CEO of the Nedbank operations in London where he was also Chairman of its offshore private banking subsidiaries in Jersey and the Isle of Man. Frank was the CEO of the Bank from 2008 until February 2015 before he became the Chairman of the Board in June 2015.

Gerald Ikem

Gerald Ikem

Alternate NED to Ladi Balogun)
Gerald joined First City Monument Bank Limited in 2005 and is currently its Divisional Head, Treasury and International Banking.  He started his banking career in 1997 and worked in various other Nigerian banks such as MBC International Bank Limited. He was appointed as an Alternative Director to Ladi Balogun in 2014.

Ladi Balogun

Ladi Balogun

Non-Executive Director and member of Board Remunerations and Nominations Committee and Credit Committee
Ladi is the Group Chief Executive of FCMB Group Plc., Lagos and was appointed as a Non-Executive Director of the Bank in 2009. He has over 17 years of experience in commercial and investment banking in Europe, the United States of America and Africa. He has worked in various areas of First City Monument Bank, including treasury, corporate banking and investment banking. He was appointed an Executive Director in charge of the Institutional Banking Group in 1997 and in 2000 he was made Executive Director in charge of Strategy and Business Development. Prior to this he spent several years at Morgan Grenfell and Co. Limited in the risk management and corporate finance (debt origination) divisions. Ladi holds an MBA from Harvard Business School (2000).

Amy Kirk

Amy Kirk

Independent Non-Executive Director and member of  Board Audit and Risk Committee
Amy joined the Board of FCMB Bank (UK) Limited in 2018. From 2017 she was also appointed a Non-Executive Director, Senior Independent Director and Chair of the Remuneration Committee of Monzo Bank Limited. She was previously Head of International Credit Risk / Group Credit Risk Director at Wonga Group and Senior Industry Advisor – Cards & MortgagesBridgeforce Limited from 2013 to 2015.
From 2012 to 2013 she was Interim Programme Director – Strategic Projects, Interim Director of Commercial (Operations Strategy) at The Co-operative Bank and before then Chief Risk Officer / Head of Secured Collections at One Savings Bank. From 2004 to 2010 she held several positions at Bank of America Europe Card Services including Change Management Executive – Collections Transformation, Managing Director of Insurance Services and Director of Credit & Fraud / Chief Lending Officer.
She holds an MBA in International Management with a Finance specialty from Thunderbird School of Global Management, Phoenix, USA and a Bachelor of Business Administration (double major): International Business & French from James Madison University, Harrisonburg also in the USA.

Charles Nicholas Rouse

Charles Nicholas Rouse

Senior Independent Non-Executive Director and Chairman of Board Audit and Risk Committee and Credit Committee
Nick joined the Board of the Bank in 2013. He was the Managing Director of Frontier Markets Fund Managers, a division of Standard Bank Plc from 2005 until 2014. His involvement with the Emerging Africa Infrastructure Fund (EAIF), a fund managed by the Frontier Markets dates from its inception. Prior to this Nick worked in  Barclays Bank for 33 years in various capacities including in Africa  for  7 years  initially running Barclays Corporate Business in East Africa and subsequently as Head of Credit Risk for Africa and the Middle East.
He presently is the Non-Executive Chairman of the Credit Investment Committee of CDC Group Plc. His earlier speaking engagements include invitations to Harvard Business School, Oxford Said Business School and World Bank Group.

Roger Ellender

Non-Executive Director and member of  Board Audit & Risk Committee and Credit Committee
Roger Ellender has over forty years’ experience in investment and commercial banking, in emerging markets (Africa, Middle East and Asia) with such global financial institutions as Bank of America, BNPP, Standard Chartered Bank, Credit Suisse and UBS. He has spent the past twenty years in Nigeria working in a number of financial institutions, mainly in Business Origination, Risk Management, Operations, Compliance and Controls. From 2009 – 2015, Roger was the Chief Risk Officer at Africa Finance Corporation (AFC), Lagos, before leaving to establish his own financial consultancy and advisory business.
Roger is currently the Managing Director of NPL Nigeria, Lagos, which is a subsidiary of NPL Advisors Limited, London, and which is focused on providing financing solutions for clients in Sub Saharan Africa. He is a Non-Executive Director of First City Monument Bank Limited, Nigeria and serves on several board committees including the Credit, Audit & Risk Management and IT committees. Roger has a BA (Hons) from the University of Liverpool and an MA from the University of Essex. He is an Alumnus of INSEAD, Fontainebleau, France and IMD, Lausanne, Switzerland.

Colin Fraser

Chief Executive Officr
Colin Fraser is CEO of FCMB UK (having joined in late 2020) and is a member of the Board as an Executive Director. Colin started his career at Barclays Bank plc where he spent 16 years in front line corporate and investment banking roles working in various markets around the world working with Fortune 1,000 companies and latterly setting up a corporate bank in India. Colin joined Abu Dhabi Commercial Bank in 2008 and spent 11 years building a Wholesale Banking franchise in the bank including market leading businesses in transactional banking, investment banking, SME banking and corporate. He also oversaw the bank’s India subsidiary operations. Outside of work Colin enjoys skiing, cricket, investing, wine and socialising.

Balchandra Achary

Balchandra Achary

Deputy Chief Executive Officer & Chief Financial Officer (Interim)
BC Achary is the  Deputy Chief Executive Officer and is a member of the Board as an Executive Director. He joined the Bank in 2008 as part of the start-up team and worked in various capacities in the process of building the wholesale and retail banking franchise of the Bank. BC started his career at State Bank of India, where he spent, both in India and the UK,  over 25 years in frontline and at the corporate level working in areas such as retail and wholesale banking, SME and industrial credit, asset liability management, treasury operations, risk management and training faculty. BC is a Chartered Fellow of CISI, a member of its Fintech Committee. He is also a Chartered Banker and Certified Fellow of the Institute of Risk Management. He is an alumni of Said Business School, Oxford University and completed its Fintech Programme.

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