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Executive Director & Deputy Chief Executive Officer/Acting Chief Financial Officer
BC joined the Bank in September 2008 as Head, Risk and Compliance and was appointed as an Executive Director in December 2012. He has been the Executive Director and Chief Risk Officer of the Bank since its authorisation as a wholesale Bank in 2013. He took over as the Chief Executive Officer on an interim basis, from May 2015. BC attends the meetings of the Board Audit and Risk Committee and the Remunerations and Nominations Committee.
BC has over 30 years of banking experience having worked in India and the United Kingdom with State Bank of India in various capacities. His experience includes financial risk management, credit, treasury, asset liability management, trade finance, regulatory compliance, anti-money laundering, business strategy and development, branch management and training. He was actively involved in the centralisation of treasury operations of various banks in the State Bank Group as a member of the committee constituted to achieve synergy in treasury operations. While at the UK operations of State Bank of India, he was also responsible for business strategy, budgeting and performance monitoring, compliance and risk management. BC is postgraduate in Economics with an MBA. He is also a Chartered Fellow of Chartered Institute for Investments and Securities (CISI) and is a member of its examination panel for corporate finance regulation and risk management. He is also a member of the Institute of Risk Management.
Executive Director & Chief Financial Officer
Derren Sanders is the Chief Financial Officer and is a member of the Board as an Executive Director. Derren is a Chartered Accountant who started his career at Pricewaterhousecoopers, where he spent nine years across their audit, external training, and corporate finance functions, advising on M&A transactions for corporates and private equity houses. Moving into banking with HSBC, he led the Vehicle Finance business in its successful outsourcing and sale, transformed the Equipment Finance (leasing business), helped create a strategic multi-country strategy working in the Group CEO’s office and was Head of HSBC’s Commercial & Corporate business in Abu Dhabi. In Derren’s last role he moved to Abu Dhabi Commercial Bank, where he acted in a COO role in the wholesale banking division (and deputized for the divisional head), assisting with strong growth over seven years. He spent the last two years in that role successfully leading the rapid integration of two local banks.
Derren is the trustee of a multi-academy education trust, acts as a pro bono consultant for various charities and is a keen, cricketer, cyclist, football supporter and a rugby coach, referee and supporter.
Non-Executive Director and member of the Board Remunerations and Nominations 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 and later on became the Managing Director/CEO. 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).
Senior Independent Non-Executive Director, and Chairman of the Board Audit and Risk 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.
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.
Executive Director & Chief Executive Officer
Colin 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.
Non-Executive Director (Alternative 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 the Board of the Bank in 2014.
Independent Non-Executive Director
Richard brings a wealth of international leadership experience in banking and across financial services. Following a 20+ year career with HSBC as an International Manager, working across business lines in 10 different countries, he then led Crown Agents Bank and Crown Agents Investment Management from 2012 to 2017, through their transition to become a leading African and emerging markets focused transactional bank and their sale to a leading African focused Private Equity firm. He has subsequently worked with the Founders and Boards of a number of Fintech businesses as they seek to fill niches and establish business models in the fast moving digital financial services ecosystem. Richard is also the Founder of a Sustainable Investment consultancy and is active within the field of Inclusion and Diversity, focused on Neurodiverse Employment.
Independent Non-Executive Director and member of the 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 & Mortgages Bridgeforce 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.
Non-Executive Director and member of the Board Audit & Risk 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.