Ladi Balogun

Deputy Managing Director and acting CEO of First City Monument Bank

Education: University of East Anglia, 1993; MBA, Harvard Business School, 1998.

Career: Senior Manager/Team Leader, Investment Banking Division, FCMB Capital Markets Limited, 1995; Executive Director, Investment Banking Division, FCMB, 1997; Executive Director, Institutional Banking Group, 1997.

Commentary: A scion of one of Nigeria’s leading business dynasties, Ladi Balogun is Managing Director and Chief Executive of FCMB and is the son of its founder, Otunba Subomi Balogun, a titan in Nigerian banking and business. Ladi joined the family bank in 1995 having worked as an investment banker at Morgan Grenfell in London and Citibank in New York. He left on study leave in 1998 and returned in 2000 with an MBA from Harvard. FCMB was one of the few family owned banks to survive the consolidation exercise of 2004. His leadership has seen it emerge as one of Nigeria’s most promising banks.