Before taking up this position in May, 2012, Mr. Diop was the World Bank’s Country Director for Brazil from 2009 to 2012, and previously held the positions of Director for Strategy and Operations of the Latin America and the Caribbean Region, and Sector Director for Finance, Private Sector and Infrastructure, in the same region.
Between 2002 and 2005 Mr. Diop was the Bank’s Country Director for Kenya, Eritrea, and Somalia.
Before joining the World Bank, Mr. Diop worked at the International Monetary Fund, and served as Minister of Economy and Finance in Senegal.
Ladi Balogun is the serving Group Managing Director and Chief Executive Officer of First City Monument Bank Limited (FCMB). FCMB is a leading commercial and retail bank in Nigeria, and a member of FCMB Group Plc. The Group has interests in commercial and retail banking, investment banking and asset management with a presence in Nigeria, United Kingdom and South Africa. The Group’s origins date back to 1977.
Mr Balogun has over 20 years’ experience in commercial and investment banking in Europe, the United States of America and Africa. He began his banking career in 1993, on the Analyst Programme at Morgan Grenfell and Co Limited (a UK investment bank now part of Deutsche Bank), where he worked in the areas of Risk Management and Corporate Finance (debt origination) covering Latin America, Eastern Europe and the Asian sub-continent. Between 1995 and 1996, he worked at Citibank New York where he gained experience in Trade Finance and International Banking before returning to Nigeria as the Executive Assistant to the Chairman and Chief Executive Officer of FCMB in 1996. He has since then worked in various areas of the bank, including Treasury, Corporate Banking and Investment Banking, Strategy and Business Development.
He was appointed Deputy Managing Director in 2001 and Managing Director in 2006.
During his tenure as Managing Director and subsequently Group Managing Director, he led the organisation’s transformation from a privately owned merchant bank, with 10 branches, $20 million in tier 1 capital and $10 million in earnings, to become one of Nigeria’s top 10 banking groups with $900 million in capital, $150 million in net earnings, over 500,000 shareholders, 270 branches, 2 million customers, 20% market share in personal loan origination and a presence in 2 continents and 3 countries. He has led the successful acquisition and integration of 4 banks into FCMB, also the establishment of Nigeria’s leading and most valuable micro-lending organisation as well as the instituting of a fully licenced deposit taking bank in the United Kingdom (FCMB UK), focused on trade and investment from Europe to Africa.
Mr Ladi Balogun is a member of Young Presidents Organisation, Advisory Board member of African Leadership Network and also an Advisory Board member of Helios Investment Partners, a leading Pan African private equity firm. He is an Advisory Board member and investor in Babban Gona, an impact investment vehicle with a mission of taking 1 million farmers out of poverty in Nigeria within the next decade. He sits on the board of several companies in Nigeria and Europe and is immensely committed to the growth and development of Africa.
Mr Balogun holds a bachelor’s degree in Economics from the University of East Anglia, United Kingdom and an MBA (Class of 2000) from Harvard Business School, United States of America.