Nigerian banker, investor, and philanthropist Ladi Balogun. He serves as Group CEO of FCMB Group Plc. He was the group managing director and CEO of First City Monument Bank from 2005 to 2015. He holds degrees from the University of East Anglia and the Harvard Business School.
Early Life and Education
On April 12, 1972, Ladi Balogun was born in Nigeria, however he later emigrated. He earned an MBA from Harvard Business School in the United States of America and a bachelor’s degree in economics from the University of East Anglia in the United Kingdom.
He started his professional career at Deutsche Bank in the UK in 1993 after receiving his degree from the University of East Anglia, where he worked until 1995. He then went to Citibank in the US and remained there till 1996. He returned to Nigeria in 1996, where he took a position as the chairman of First City Monument Bank Limited’s executive assistant. He oversaw the bank’s CEO position from 2007 to 2017.
He oversaw FCMB’s purchases and mergers with Cooperative Development Bank, Midas Bank, and Nigerian American Bank (for Bank Boston’s Nigerian affiliate) in 2007. He oversaw the purchase of FinBank Nigeria in 2012. Chief Executive Officer Adam Nuru took his post. He was appointed Group Chief Executive of FCMB Group Plc in March 2017. He was made chairman of Legacy Pension Managers in 2018, which later changed its name to FCMB Pensions Limited.
Ladi Balogun is married with children. He is the first son of Subomi Balogun, the founder and former CEO of First City Monument Bank.
The chairman of Tenet Investing Company, an impact investment firm dedicated to generating wealth for Nigeria’s smallholder farmers, is Ladi Balogun. He holds the position of president of the Otunba Tunwase Foundation, a nonprofit dedicated to the health and welfare of kids.
Awards and Nominations
- This Day Awards for Excellence and Good Governance.
- Ladi Balogun Wins Young Global Champions Award!
- Kwame Nkrumah Leadership Award for Peace Advocacy and Community Development Par-excellence
His estimated net worth is currently unavailable.