First City Monument Bank Limited has appointed renowned economist and financial expert, Bismarck Rewane, as a Non-Executive Director and Chairman of its Board of Directors following approval from the Central Bank of Nigeria (CBN).
The appointment brings one of Nigeria’s most respected economists to the leadership of the bank as it seeks to strengthen corporate governance, strategic oversight, and long-term growth.
In a statement announcing the appointment, FCMB said Rewane’s extensive experience in macroeconomic research, investment banking, and strategic management would add significant value to the institution’s leadership.
Rewane is the Managing Director of Financial Derivatives Company Limited, a leading financial advisory and economic research firm. He has more than four decades of professional experience across the banking, finance, and economic policy sectors.
A Fellow of the Nigerian Economic Society, Rewane previously held senior leadership positions at International Merchant Bank Nigeria Limited and First National Bank of Chicago, where he built a strong reputation in banking and financial services.
He holds a degree in Economics from the University of Ibadan and is a Fellow of the Chartered Institute of Bankers of Nigeria. He is also an Associate of the Institute of Chartered Bankers of England and Wales.
Over the years, Rewane has served on the boards of several leading companies across different sectors of the economy. His boardroom experience includes appointments at Guinness Nigeria Plc, British American Tobacco, Henkel Nigeria Limited, Top Feeds Nigeria Limited, and Africa Infrastructure Plus Partners.
He also served as a member of the Presidential Steering Committee for the Resolution of the Global Economic Crisis, contributing to national economic policy discussions and reform initiatives.
In addition to his professional accomplishments, Rewane has completed several executive management programmes at globally recognised institutions, including the Oxford International Capital Markets Programme, the Euromoney Institute of Finance, and IMD Lausanne in Switzerland.
Commenting on the appointment, the Board of Directors of First City Monument Bank expressed confidence that Rewane’s expertise would support the institution’s strategic ambitions and strengthen its leadership structure.
“The bank is confident that his expertise in macroeconomics, corporate governance, and strategic management, together with the Bank’s stronger capital base, will strengthen its leadership and help drive the next phase of growth while continuing to deliver value to stakeholders,” the board stated.
Industry analysts view the appointment as a significant addition to FCMB’s governance framework, given Rewane’s longstanding influence in economic policy, financial markets, and corporate strategy.
First City Monument Bank Limited is a member of FCMB Group Plc, a diversified financial services group with interests in banking, consumer finance, investment management, and financial technology services.
The appointment comes as financial institutions continue to strengthen their boards and leadership teams to navigate evolving economic conditions, enhance operational resilience, and drive sustainable growth in Nigeria’s banking sector.
