BrandArena: First Bank Nigeria Appoints New Capital Deputy MD

Tuesday 1 November 2011

First Bank Nigeria Appoints New Capital Deputy MD

One of the leading bank in Nigeria, First Bank Plc has appointed Kayode Akinkugbe Deputy Managing Director of FBN Capital, its investment banking and asset management outfit.

According to a recent statementby the bank, the appointment is another strategic move to further enhance the firm’s competitive edge and growing momentum in the provision of "best-in-class investment banking and asset management services to its clients."

Akinkugbe has over 18 years experience in top tier banks in the United Kingdom (UK) and Nigeria, where he focused on arranging finance and providing strategic advice to public and private sector organisations. He started his banking career at Ecobank Nigeria before proceeding to the UK for postgraduate study. On completion, he joined HSBC where he spent three years in the Debt Capital Markets group.

He spent 11 years developing the sub-Saharan investment banking businesses at Credit Suisse, and Deutsche Bank. He was Head of sub-Saharan Africa (ex-SA) coverage.

Akinkugbe has led senior teams originating and executing over $7.5 billion of structured debts, project finance, and equity financing syndicated across banks and capital markets, as well as advising on over $5 billion of M&A transactions.

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