First City Monument Bank (FCMB) Limited has appointed renowned economist and financial analyst Bismarck Rewane as Non-Executive Director and Chairman of its Board of Directors, following regulatory approval from the Central Bank of Nigeria.
The appointment places one of Nigeria’s most respected economic commentators at the helm of the bank’s board at a time when financial institutions are navigating regulatory reforms, capital requirements and a challenging macroeconomic environment.
FCMB announced that Rewane’s appointment had received the approval of the Central Bank of Nigeria, paving the way for him to assume leadership of the board.
Rewane brings more than four decades of experience spanning macroeconomic research, investment banking, corporate strategy and financial advisory services. He is the Managing Director of Financial Derivatives Company Limited, an economic research and consulting firm widely cited by policymakers, investors and corporate leaders for its analysis of Nigeria’s economy.
A Fellow of the Nigerian Economic Society and the Chartered Institute of Bankers of Nigeria, Rewane has held senior positions at International Merchant Bank Nigeria Limited and First National Bank of Chicago. He is also an associate of the Institute of Chartered Bankers of England and Wales.
Beyond banking, he has served on the boards of several major companies, including Guinness Nigeria Plc, British American Tobacco Nigeria, Henkel Nigeria Limited, Top Feeds Nigeria Limited and Africa Infrastructure Plus Partners.
Rewane was also a member of the Presidential Steering Committee established to address the impact of the global economic crisis and has completed executive programmes at leading international institutions, including Oxford, IMD Lausanne and the Euromoney Institute of Finance.
FCMB said the appointment is expected to strengthen the bank’s leadership structure as it pursues its next phase of growth. The lender added that Rewane’s expertise in macroeconomics, corporate governance and strategic management would support efforts to create long-term value for shareholders and other stakeholders.
The appointment comes as Nigerian banks continue to strengthen governance structures and raise capital to meet evolving regulatory requirements, making experienced board leadership increasingly important for navigating economic uncertainty and sustaining growth.
FCMB Limited is a subsidiary of FCMB Group Plc, which operates across banking, consumer finance, investment management and financial technology services.