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The ascendance of Universal
banking within the Nigeria financial services marketplace presented
an opportunity for our parent institution – Intercontinental
Bank Plc, one of the most diversified and leading commercial banks
in Nigeria to transfer its investment and wholesale banking capabilities
to a new subsidiary, Intercontinental Capital Markets Limited
(ICML)
ICML was incorporated on
1st September 2001 with a clear commitment of building robust
niche, primary aim of modeling our institution into a global player
in investment and funds management, advisory services and delivery
of value-based services through specialized financial solution
Intercontinental Capital
Markets Limited (ICML) has emerged as one of the leading Investment
Banking services provider in Nigeria with very strong and demonstrated
competencies in financial management and advisory services, deals
structuring and syndications, assets management and venture capital
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OUR VISION
“To be a market leader in Investment banking in Nigeria”
Our Mission
OUR MISSION
“We are committed to providing Strong,
Efficient, Cost effective and transparent financial solutions that will
add value to the business of our customers as well as increase return
on our capital”
Our Goals
OUR GOALS
Delighted Customers
Superior ProfitabilityUnique Product Offering
Sustained Growth
Market Leadership
Global Focus
Our Commitment
Our Commitment
•Expanding vertically to offer products and services in a way that our target clientele finds convenience and satisfaction throughout the value-chain , e.g. advisory, trading, clearing services, lending and related offerings
•Expanding horizontally to offer services across asset-classes, e.g. equity, fixed income trading, currency trading etc
•Expanding geographically by entering new markets – increasing our reach to strategic business locations
•Making greater use of technology and sourcing to reduce costs and accelerate innovation
•Developing new and customized products that will exactly meet the risk/reward profiles of our burgeoning clientele
•Pursuing opportunities and delivering services that allow us to differentiate within the marketplace while giving our clients the confidence of demonstrating trust and pride in the service and products we offer
•Building very robust long term relationships with our clients and remaining committed to client contact and service excellence
•Building cooperation and collaboration within and across all work groups and teams
Directors
Directors
Chairman
- Mr. Chris
A. Alabi
 He is the
Chairman of the company and a graduate of Sociology from the University
of Ibadan. An accomplished businessman with vast business interests
that cuts across various sectors of the economy with many business activities
that cuts across banking, maritime, farming, education etc. He started
his career as a sales representative with the Nigerian Explosives and
Plastics company Limited upon graduation and rose to the position of
General Manager in 1977. After which he left the company to co-found
Cakasa Nigeria Limited and was appointed Managing Director/Vice Chairman.
He is one of the founding fathers of Intercontinental Bank Plc and a
former Chairman of Equity Bank and a Director of Union Trust Building
Society Limited. He is a lover and promoter of education. He is also
the Executive Chairman of Ronik International Limited, a conglomerate
of educational institutions, the Chairman of Alabi Oyo Commercial Enterprises
and Caronc Holdings. |
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Managing Director/Chief Executive
- Mr. Ayodele
Thomas
 Mr. Ayodele
Thomas is the Managing Director/ CEO of Intercontinental Capital Markets
Limited. Mr Thomas is a distinguished Investment Banker, with a career
spanning over two decades in finance. He has prefaced both the public
and private sectors. An Economics graduate with an M.Sc degree in Finance,
Mr. Thomas joined Intercontinental Bank Plc in 1989. He managed the
bank’s Investment Banking Group where he handled various Capital
Issues. He has previously worked with Central Bank of Nigeria (1979-1981),
ICON (Merchant Bankers) Limited and Federal Ministry of Industries,
World Bank assisted Small Scale Industry Division.
Mr. Thomas facilitated the various business combination, processes,
including mergers/acquisitions and strategic corporate Buy-in, leading
to the emergence of the global Intercontinental Group (Intercontinental
Bank Plc – Equity Bank Ltd - Associated Discount House –
Gateway Bank Plc – WAPIC Insurance Plc – Intercontinental
Securities Limited – Intercontinental Capital Markets Limited).
He has attended courses on Managing Marketing with International Institute
of Management Development, Lausanne, Switzerland; International Capital
Market training with Euro money, Surrey, England; Bank Risk Management
with International Development Institute, Dublin, Ireland; Senior Management
Programme with Lagos Business School, Wharton International Housing
Finance Programme of Wharton University of Pennsylvania, USA amongst
others. |
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Non-Executive Director
 Dr. Raymond
Obieri is a non-executive director of the company. He is a fellow of
the Chartered Institute of Bankers, London, Fellow of the Chartered
Institute of Bankers of Nigeria and a member of the Nigeria Institute
of Management. He also holds an honorary doctorate degree in Business
Administration from the University of Nigeria, Nsukka and he is an alumnus
of the International Institute of Management, Lausanne, Switzerland.
He has attended various courses in banking including a 1981 major course
in International Banking and Finance. Dr Obieri started his banking
career with First Bank of Nigeria Plc, Marina Branch in 1964. He covered
all commercial banking services and rose to the rank of Bills and Credits
manager at Benin branch in 1974.
He joined NAL Merchant bank in 1976 as Assistant Manager, and rose to
the rank of Senior Manager and Head in International Division in 1981,
which made him the first Nigerian to head the Foreign Exchange Division
of the Bank. In that position, he spearheaded NAL’s establishment
of correspondence banking relationships with over 40 International banks.
He joined First City Finance Company Limited and served on its Board
before resigning to join three other promoters to float Intercontinental
Bank in 1989. He is the Chairman of the bank from inception to date.
He was the former President of Council of The Nigeria Stock Exchange.
Chairman of Summit Finance Company Limited, Chairman of Harmony Trust
and Investment Company Limited and Director, Intercontinental Securities
Limited and WAPIC Insurance Plc, |
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Non-Executive Director
- Dr. Erastus Akingbola
 Dr. Erastus B.
O. Akingbola is a non-executive director of the company. He holds an
MBA degree from the University of Lagos in 1986. He is a Fellow of the
Chartered Institute of Bankers, London and Nigeria, the Nigeria Institute
of Management and the Institute of Chartered Secretaries and Administrators
of Nigeria(ICSAN). He has over 34 years continuous banking practice
embracing commercial banking, merchant banking, discount house operations,
leasing and insurance. He started his banking career with Barclays Bank
(Union Bank) in 1971 and rose to the position of assistant Accountant
in 1977 before leaving for NAL Merchant Bank Limited as Executive Assistant
in Operations department. He rose rapidly at NAL, becoming a Senior
Manager in 1984. Dr Akingbola joined First City Merchant Bank Limited
in 1987 as Controller Of Operations and was there in the capacity until
1989 when he was appointed the Managing Director/Chief Executive of
Nigeria Intercontinental Merchant Bank Limited (now Intercontinental
Bank Plc).
Dr Akingbola has attended several banking and executive management courses
both locally and internationally in the USA(Harvard Business School),
France, Switzerland, Singapore, Britain, etc. He was elected in 2004
to represent West Africa in the Executive Board of the African Bankers’
Forum, an arm of the AFREXIMBANK, which seeks to integrate private sector
banking institutions in Africa for continental business finance. He
also bagged the Kwame Nkrumah Award from the Nkrumah Foundation in Ghana
2004 as CEO of one of the leading financial institutions in Africa.
Back home, he was the recipient of the Zik’s leadership Award.
All these and many more were bestowed on Akingbola in 2004 alone in
recognition of his pedigree in Corporate Governance. A man of many parts,
Dr Akingbola belongs to several professional organizations and had served
as President, Lagos Business School Alumni Association (1998-2000) and
was a former President of the Institute of Chartered Secretaries and
Administrators of Nigeria (ICSAN). He was conferred with the national
honour of Member of the Order of Niger (MON), by President Obasanjo
in recognition of his monumental contributions to the development of
the Nigerian Economy.
He was the former Group Chief Executive, Intercontinental Bank Plc, Chairman, Intercontinental Securities Limited, Chairman, Associated Discount House Limited, Chairman, Tropics Finance Limited and Director, Intercontinental Capital Markets Limited. He has been Chief Executive of Intercontinental Bank Plc since inception in 1989 and one of its four principal promoters and director of the bank.
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Non-Executive Director
- Engineer Hyacinth Enuha
 Engineer
Hyacinth Enuha is a non-executive director of the company. He holds
a First Class Honours degree in Chemical Engineering from Rochester
University, USA and a Masters of Science degree in the same discipline
from Cornell University, Ithaca, USA. He is an Associate member of the
Institute of Chemical Engineers. He is a chemical engineer with rich
industrial and administrative background. Upon graduation, he joined
Dupont De Nemours Inc., USA where he worked as a process engineer and
Marketing Manager, before his appointment as an Executive Director of
Aranla Industries Nigeria Limited, a manufacturing concern engaged in
the fabrication of tools and spare parts for major oil companies in
Nigeria.
He is also currently the Managing Director of Cakasa Nigeria Limited,
Chairman, WAPIC Insurance Plc and one of the four principal promoters
of Intercontinental Bank Plc where he holds a non-executive director
position since inception. |
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Non-Executive Director
- Chief Igwe Ojike
 Chief Igwe
Ojike is a non-executive director of the company. He earned a first
degree in Economics from the University of Ibadan in 1965. thereafter,
he proceeded to England and qualified as a Chartered Accountant of the
Institute of Chartered Accountants of England and Wales. He has extensive
and varied international experience as a Chartered Accountant.
He is a Fellow of the Chartered Accountants of England and Wales, and
the Institute of Chartered Accountants of Nigeria. After working with
Neville Russell & Co, London, and Peat Marwick, Casseleton Elliot
& Co (now KPMG) Nigeria, he established his own firm, Ojike, Okechukwu
& Co (Chartered Accountants) in 1975. He has served on the Boards
of many education institutions and companies among which are the Governing
Council of the University of Ibadan, Isiama Comprehensive Secondary
School, Intercontinental Bank Plc and Intercontinental Securities Limited. |
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Non-Executive Director
- Mrs. Otaniyi
Mrs. Otaniyi a
non-executive director of the company, holds a B.Sc degree in Economics
from the University of Ife (now Obafemi Awolowo University), Ile-Ife.
She is a Fellow of the Institute of Chartered Accountants of Nigeria
(ICAN). A chartered Accountant with a deep knowledge in funds management,
she worked in leading Accounting firms (including Coopers and Lybrand
before joining the bank in 1989. She was formerly an Executive Director of Intercontinental Bank Plc.
Before being named Executive Director of the Bank in 1999, she distinguished
herself glowingly in various functions she was assigned to work on such
as the Banks’s Treasurer/Fund Manager, Credit Disbursement and
subsequently Control, and other related financial services . |
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Non-Executive Director
- Mr. Nelson C. Nweke
 Mr. Nelson
C. Nweke is a non-executive director of the company. He obtained a B.Sc
degree in Political Science from the University of Ibadan in 1979 and
a Masters of Science degree in Industrial Relations from the same University.
He had a stint lasting five years with the Federal Civil Service of
Nigeria before joining Guinness Nigeria Plc in 1985. Mr. Nweke, a versatile manager of human resources, was one time the Executive Director, Operations and Corporate Services of Intercontinental Bank Plc. He came into banking in the 1980s, equipped with a rich administrative background.
He joined First City Merchant Bank in 1988, and a year after, joined
Intercontinental Bank Plc. He has acquired proven experience in diverse
areas of the Bank spanning human resources management, credit and marketing,
capital markets and banking operations. A participant in several local
and foreign banking courses, he is an authorized dealer of The Nigeria
Stock Exchange |
Our Team
Our Team
Divisional Head, Investment Banking and MIS
 Mr. Deji Adegoke is Divisional Head, Investment Banking and MIS. He is a graduate of Economics from
the University of Lagos and a Master of Science Degree in Economics from
the University of Jos. He is an Associate of the Institute of Chartered
Accountants of Nigeria (ICAN).
He holds a Masters degree in Economic majoring in money and finance. He
has over 20 years cognate work experience. He started his career in 1985
with the office of the Accountant-General of the Federation and later
moved to lecture at the University of Jos in 1992, before joining Intercontinental
Bank in 1998. while at Intercontinental Bank Plc, he handled various responsibilities
spanning corporate banking and business development amongst others. He
distinguished himself glowingly in various functions which made the bank
to second him to ICML in March, 2003.
He has authored several published and unpublished works among which is
“Nigerian Economics for University, Polytechnic and College of Education
Students”. He has attended several courses locally and abroad among
which are the Senior Management Programme with Lagos Business School,
Real Estate and Mortgage Financening Emerging Economy by Housing Advocacy,
UK and Global Executive Development Programme, Gordon Institute of Business,
South Africa, Malaysia and Singapore.
He was the Head, Financial Advisory until his recent deployment to
Asset Management and Controls
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Divisional Head, Corporate Finance and Resource Management
 Mrs. Abiola Macaulay is the
Divisional Head, Corporate Finance and Resource Management. She is a graduate
of Accountancy from Bayero University, Kano and obtained a Masters of
Business Administration from the University of Ado-Ekiti. She is an Associate
of the Chartered Institute of Stockbrokers and a talented and adept Capital
Market operator with over 16 years cognate working experience in the Capital
Market. Over the years, she has led numerous project teams, advising either
the Nigerian government or Corporate Institutions on major financial transactions.
She is primarily responsible for the group’s Capital Market activities.
In this capacity, she has managed numerous diverse transactions and mergers
and acquisitions which are Wema Takeover, First Inland Bank merger, privatization
of African Petroleum Plc, packaging of Crusader Insurance Plc, packaging
of A-Z mutual funds, Intercontinental Bank Plc’s merger and public
offer, etc. She fully understands the dynamics of professional due diligence
processes and coordination issues peculiar to privatization. She has attended
several local and foreign courses among which are Marketing Financial
Services by Lagos Business School, Integrated Financial Management School
by Euromoney South Africa, Private Wealth and Portfolio Management by
Euromoney, London and International Housing Finance program by Wharton
University of Pennysylvania USA. |
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Group Head, Legal and Corporate Services
Mr. Akintunde Ogunsan
is Head, Legal and Corporate Services.
He is a graduate of Law from the Ogun State University. He is a member of
the Nigerian Institute of management. He is a learned fellow and was called
to the bar in 1993, and began his legal practice in the same year with Toye
Coker (SAN) and Co and Siji Soetan and specialized in oil and gas law and
admiralty Co. He joined EIB International Bank Plc, in 2001 where he was
actively involved in the preparation and perfection of various legal documents,
and was secretary to various board committees. He has over the years accumulated
wealth of experience. He joined ICML in 2004. He has attended several training
programs.
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Divisional Head, Credit and Marketing
 Mr. Olusola Soname is the Divisional Head, Credit and Marketing. He is a graduate of Accountancy
from the Yaba College of Technology. He is also an Associate Member of
the Institute of Chartered Accountant of Nigeria and a member of the Institute
of Chartered Secretaries and Administrators. He won numerous awards at
academic and professional levels i.e ICAN. Prior to joining ICML in 2002,
he has worked with several organization spanning various sectors of the
economy. Some of the organizations are Continental Pharmaceutical Limited,
Meritas Group of Companies, Adekunle Alli & Co (Accounting Firm),
Federal Inland Revenue Service, Financial Spectrum Limited and Investment
and Allied Company Limited. He was a part-time lecturer with Yaba College
of Technology, Yaba and Dynamic Tutors (ICSA Lectures).
He handled Financial Accounting, Taxation, and Management Accounting.
He developed accounting systems used in some of the organization he worked
e.g Investment and Allied Company Limited. He has over 13 years cognate
experience. He has attended several courses locally and abroad, among
which are Back Office Management by Euromoney, S.A, IT Audit and Control
(LBS, Lagos) and The Leadership Challenge with Positive Image of London,
Lagos. |
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Head, Assets Management Group
Mrs Moronke Bamgbala is the
Head, Assets Management Group. She is a graduate of Business Administration
from Ogun State University, now Olabisi Onabanjo University. She is also
an Associate Member of the Chartered Institute of Bankers and graduate
member of the Chartered Institute of Stockbrokers. She is a seasoned banker
with cognate experience in money and asset management. She started her
career with Stanbic Bank Nigeria, a member of Standard Bank of South Africa
before joining ICML in 2002.
She successfully pioneered the Assets Management Group and she is the
visionary behind novelty creation of products in ICML. She has over nine
years working experience and has attended various local an foreign courses
like Marketing Financial Services by Lagos Business School, Customer Wealth
Creation by Micheal Stevens, Lagos, Effective Private Banking by Micheal
Stevens, Mastering Currency Trading by Webforex, South Africa. Mergers
and Acquisition by Wharton School, University of Pennysylvania, USA.
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Group Head, Project Monitoring Group
Mr. Simeon Onyejose is the Head, Mutual Funds Management Group.
He is a graduate of Agricultural Economics from the University of Ibadan.
He holds a masters degree in Business Administration from the Federal University of Technology,
Akure and an Executive Diploma in International Trade Management from the University of Lagos.
He is an Associate Member of the Nigerian Institute of Management. An Investment/Financial Analyst by profession.
He worked with Setoni International Limited, Oasis Group and National Risks Funds Plc before joining ICML in 2002.
He has over fifteen years cognate working experience in Commodity investment, project finance/management,
credit and marketing, risk management and private equity.
He has attended several training programs like Effective Project Management by Lagos Business School,
Loan Structuring and Documentation by H.Pierson, Advanced Credit Analysis and Corporate Account Management by Servexcel, India,
SME Equity Finance by APDF/SME Finance Institute, USA, Private Equity and Venture Capital by Euromoney, United Kingdom
and Infrastructural Financing by M.V. Incorporated.
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Head, Financial Control Group
 Mr Bidemi Oni is the Head,
Management Information Systems of the company. He attended the prestigious Obafemi
Awolowo University, Ile Ife where he graduated with a Bachelor of Science
Degree in Accounting. He thereafter attended the Lagos State University
and is awaiting a Masters in Business Administration (MBA) with specialty
in Finance. His qualification also includes Associates Member, Institute
of Chartered Accountants Of Nigeria (ICAN) and Associate Member, Nigerian
Institute of Management (Chartered). He had previously worked with United
Bank for Africa Plc.
In UBA, he was a Project member of the Exclusive Project Quest’
(Joint UBA McKinsey Inc Strategy Project) where he was involved in restructuring
of departments mainly along lines of function, thus, eliminating several
unnecessary units and merging of others and others and also fashioned
out a more effective and efficient procurement system for the bank. He
joined Intercontinental Capital Markets Limited in 2006. he is well vast
in Branch operations, Head Office Operations and also specializes in Financial
Control and Management Information Systems. He has attended various courses
in Advanced Financial Analysis, Banking Operations, Professional Selling
Skills amongst others, organized by IBFC Augusto & Co.
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Head, Human Capital Management Group
 Mr. Ejiro Sagua is the Head,
Human Capital Management. He holds a Bachelor of Science Degree in Geography
and Regional Planning from the University of Benin. He was engaged in the
management of a private business for a period spanning 7 years before joining
ICML in August 2004. He has attended courses on Business Management, Accounting
and Human Capital Management. He is currently responsible for managing
the organization’s Human Resources
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Our Vision
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