First Bank of Nigeria Limited (FirstBank) has announced the appointment of Patrick Iyamabo as an executive director subject to the approval of the Central Bank of Nigeria (CBN).
Prior to Iyamabo’s appointment as executive director, he served as the Chief Financial Officer (CFO) of FirstBank and its subsidiaries, having joined the bank in August, 2016, from First City Monument Bank (FCMB) where he served as its Senior Vice President of Strategy and M&A and then the Group Chief Financial Officer of FCMB Holdings.
According to a statement by the bank, Iyamabo joined FirstBank as part of the effort to strategically turn around the group and address fundamental challenges facing the institution at that time.
It added that he had over 27 years of professional experience in assurance, risk management, business development, accounting and finance with Nigerian and multinational institutions.
Speaking on the appointment, the CEO of FirstBank, Dr Adesola Adeduntan, said, “Since joining FirstBank, Mr Iyamabo has played a key role in repositioning the group and has remained at the forefront of delivering to the bank’s strategic goals as we have collectively reinforced our impact in driving financial inclusion and providing Nigerians with world-class financial services.”
Mr Iyamabo holds a Bachelor of Pharmacy (B. Pharm) from Ahmadu Bello University and a Master of Business Administration (MBA) with dual majors in Finance and Strategic Management from The Wharton School, University of Pennsylvania.