Akinwumi Fanimokun was appointed a Non-Executive Director on the Board of First Bank of Nigeria Limited in January 2023. He brings to the board over 30 years vast experience in strategic positioning, transformational leadership, change implementation, and execution of strategic and tactical initiatives which he has demonstrated throughout his career across different FBN Holdings entities.
He has served in various management and leadership positions such as the Group Executive Technology and Services, FirstBank where amongst several transformations, he pioneered the new banking application – FINACLE and its upgrade to FINACLE 10 for optimal performance. He also served as the Managing Director and Chief Executive Officer of First Pension Custodian from 2009 to 2012. Some of the remarkable feats steered under his leadership include the implementation of electronic payment solution, and radical growth in profit and growth in total assets to win over 38% market share of the industry.
Akin currently sits on the Board of major institutions including, Nigerian Aviation Handling Company PLC, Xpress MTS and Blueprint Business Technologies Nigeria. He is the current Chairman of First Pension Custodian Nigeria Limited (FPCNL). Akin is a Fellow of the Chartered Institute of Bankers of Nigeria (CIBN).
Akin holds a B.sc Honours degree in Economics from the University of Ife (now Obafemi Awolowo University) and Master of Business Administration (MBA) from Henley Management College, United Kingdom. He has attended several professional, management, and leadership programmes at Harvard Business School, Chicago Booth Business School, London Business School, and Global Custody Forum, London, amongst others. He is a member of the Institute of Directors (IoD).
Akin is happily married with children, and enjoys walking, reading and playing table tennis as pastimes.
