First Ally Capital Limited, an investment banking Group, has announced the appointment of Mrs Olumayowa Ogunwemimo and Mr Tolu Osinibi as group executive directors.

In a statement issued by the firm, Ogunwemimo hads been an integral part of First Ally Asset Management, the asset management subsidiary of First Ally Capital since her appointment as managing director in September 2020.

The statement said, “Her exceptional leadership has significantly contributed to the growth and success of FAAM. As a group executive director, Mrs Ogunwemimo will continue to lead FAAM, while taking on additional responsibilities within the Group,”

It stated that Mr Tolu Osinibi, joined First Ally Capital in September 2023, bringing with him a wealth of experience in the financial sector.

Before joining First Ally, he served as the inaugural managing director/chief executive officer of FSDH Capital Limited, the investment banking and stockbroking subsidiary of FSDH Holding Company Limited.

According to the statement, Osinibi’s previous roles include managing director/CEO of FCMB Capital Markets Limited and a director at KPMG Nigeria, where he was responsible for corporate finance advisory services.

It stated that Osinibi brings a wealth of experience in financial advisory and execution capabilities to First Ally.

Commenting on these appointments the Chairman of First Ally Capital, Mr Olufemi Akinsanya, said “We are thrilled to welcome Tolu to the expanding First Ally team and to witness Olumayowa’s transition from leading our rapidly growing asset management division to taking on broader Group responsibilities.”

On his part, the Group Managing Director and Chief Executive Officer of First Ally Capital, Mr Ebenezer Olufowose, said, “Mayowa has been a valuable asset to our company. With Tolu joining our highly skilled and experienced management team, along with the reinforcement of our Group and subsidiary boards, First Ally Capital is well-prepared to uphold its commitment to delivering outstanding services to its clients and to realising new business prospects and opportunities.”

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