FirstHoldCo Plc has unveiled a comprehensive restructuring of board leadership across its non-banking entities, marking a significant step in the organisation’s corporate governance evolution. Following clearance from the Securities and Exchange Commission (NAIGOM) and the Nigerian Exchange (NGX), the financial services conglomerate has installed experienced professionals across multiple subsidiary boards, news.ng reports.
This was disclosed in a notice filed with the Nigerian Exchange Limited on Friday.
The leadership overhaul represents a calculated effort to inject world-class expertise into the Group’s governance framework while preparing these entities for expanded market opportunities and long-term sustainability.
The appointments draw from a pool of accomplished industry veterans whose collective expertise spans finance, capital markets, wealth management, and various specialised sectors.
This strategic talent acquisition demonstrates FirstHoldCo’s commitment to adopting global governance standards while positioning its subsidiaries for competitive advantage in their respective markets.
First Asset Management Limited has welcomed Ebikabo Williams as Board Chairman, leveraging her extensive background across banking, capital markets, and advisory services. Supporting her leadership are board members Usman Dantata Jr., Binta Max Gbinije, and Alero Mobola Adollo. This reconstituted board is positioned to strengthen the firm’s standing as a leading force in Nigeria’s asset management industry.
FirstCap Limited has appointed Yewande Amusan as its new Chairman. Her credentials span both government and private sector finance. The board also includes newly appointed members Ahmed Indimi, Irene Akpofure, Adenike Kuti, and Zeal Akaraiwe.
First Securities Brokers Limited, which has established itself among the Nigerian Exchange Limited’s top-performing brokerages in terms of trading activity and transaction volumes, has selected John Akpeki as Chairman. His international marketing and networking expertise will be complemented by fellow board members Omolara Adeyemi, Susan Younis, and Kemi Andu-Alausa.
First Trustees Limited, with its four-decade legacy in trust and estate administration, has appointed John Lee as Board Chairman. His extensive experience in global financial services, particularly in Corporate and Institutional Banking and Wealth Management across Africa, brings a valuable perspective. Joining him are Abiola Alabi, Adebisi Sola-Adeyemi, and Ugochukwu Obi-Chukwu, who collectively contribute substantial industry knowledge.
First Insurance Brokers, commemorating its 25th year of operation, has named Akinola Phillips as Chairman, alongside board members Ije Onejeme, Folukemi Akinmeji, and Mojisola Cardozo.
Group Chairman Femi Otedola, CON, emphasised the strategic importance of these appointments.
He said: “We are delighted to welcome these distinguished professionals to the boards of our non-commercial 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 further noted: “These appointments reaffirm our commitment to building resilient businesses that contribute meaningfully to economic development in the broader ecosystem in which we operate.”
