First HoldCo Plc has announced a series of board appointments across its non-commercial banking subsidiaries. The move comes as the group tries to strengthen its non-banking operations.
The appointments, which received regulatory approvals, affect First Asset Management Limited, FirstCap Limited, First Securities Brokers Limited, First Trustees Limited, and First Insurance Brokers.
At its asset management subsidiary, First Asset Management Limited, Ebikabo Williams has been appointed chairman of the board. Williams currently serves as a board member of Bancorp Finance and previously worked as a vice president at Citibank Nigeria. She brings experience spanning banking, capital markets, and consulting.
She will serve alongside Usman Dantata Jr., group managing director of Dantata Holdings Limited; Binta Max Gbinije, a board member of Custodian Investment; and Alero Mobola Adollo. The appointments come as competition intensifies in Nigeria’s asset and wealth management space amid growing demand from pension funds and high-net-worth investors.
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In FirstCap Limited, the group’s investment banking arm, Yewande Amusan has been appointed chairman. Amusan, a former Ogun State commissioner for culture and tourism, has held the position since December 2024. Other appointees to the board include Ahmed Indimi, Irene Akpofure, Adenike Kuti and Zeal Akaraiwe.
First Securities Brokers Limited, the stockbroking subsidiary, also saw changes at the board level. John Akpeki was named chairman of the company. Akpeki brings experience in global marketing and business development and joins Omolara Adeyemi, Susan Younis and Kemi Andu-Alausa on the board.
At First Trustees Limited, the group’s trust and estate management business, John Lee has been appointed chairman. Lee has over four decades of experience in global financial services, with a focus on corporate and institutional banking and wealth management across African markets. He will work with Abiola Alabi, Adebisi Sola-Adeyemi and Ugochukwu Obi-Chukwu.
First Insurance Brokers Limited, which marked its 25th anniversary last year, also recorded board changes. Akinola Phillips was appointed chairman, alongside Ije Onejeme, Folukemi Akinmeji and Mojisola Cardozo. The board appointments happened in July 2025.
Commenting on the appointments, Femi Otedola, chairman of First HoldCo Plc, said the new board members were expected to support the group’s next phase of growth and strengthen governance across its non-commercial banking businesses.
First HoldCo, formerly FBN Holdings, operates across banking, investment management, capital markets, trusteeship and insurance through its subsidiaries.