First HoldCo Plc has announced a series of new board appointments across its non-commercial banking subsidiaries, in a move aimed at strengthening corporate governance, deepening oversight and positioning the businesses for sustainable growth.
The appointments, which received regulatory approvals from the Securities and Exchange Commission and the National Insurance Commission, are part of the Group’s broader strategy to align its subsidiaries with international best practices in governance and leadership.
According to the Group, the new board members bring a wealth of experience across banking, capital markets, insurance, asset management and consulting and are expected to support the subsidiaries in expanding their product offerings and improving service delivery.
At First Asset Management Limited, Ebikabo Williams was appointed Chairman of the Board. She brings extensive industry experience spanning banking, capital markets and consulting. Other board members appointed include Usman Dantata, Binta Gbinije and Alero Adollo, a move expected to further strengthen the company’s position in Nigeria’s asset and wealth management space.
FirstCap Limited also recorded changes at board level, with Yewande Amusan appointed Chairman.
She is a seasoned finance professional with experience across both the public and private sectors.
She will be joined on the board by Ahmed Indimi, Irene Akpofure, Adenike Kuti and Zeal Akaraiwe.
At First Securities Brokers Limited, John Akpeki was named Chairman. The firm recently ranked among the top performers in the Nigerian Exchange Limited’s brokers’ performance report in terms of trading volume and transaction value. Akpeki is expected to leverage his experience in global marketing and networking, working alongside Omolara Adeyemi, Susan Younis and Kemi Andu-Alausa.
First Trustees Limited, a long-standing subsidiary of the Group in the trust and estate management segment, also strengthened its board with the appointment of John Lee as Chairman. Lee has over four decades of experience in global financial services, specialising in corporate and institutional banking as well as wealth management across Africa. Other board members include Abiola Alabi, Adebisi Sola-Adeyemi and Ugochukwu Obi-Chukwu.
In the insurance segment, First Insurance Brokers Limited appointed Akinola Phillips as Chairman. He will work with board members Ije Onejeme, Folukemi Akinmeji and Mojisola Cardozo. The insurance brokerage marked its 25th anniversary in 2025.
Commenting on the appointments, the Group Chairman of First HoldCo Plc, Femi Otedola, said the new board members would play a critical role in the Group’s next phase of growth.
“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 be critical 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,” Otedola said.
He added that the appointments reaffirm the Group’s commitment to building resilient businesses that contribute meaningfully to economic development across the ecosystem in which it operates.
