Between Bolaji and Ladi Balogun

(Pics: Bolaji and Ladi Balogun)
The joy of every parents especially those who fault tooth and nail to enmass wealth is not just to see their children but to see that their offspring are on track and doing well.
And the passion to see the child grow, develop and able to meet up with his peers becomes their topmost priority.

Without mincing words this notion is what best described what the Boardroom guru and billionaire founder of FCMB, Otunba Subomi Balogun is currently experiencing at the moment.

No doubt, Otunba has a worthy successor in his son, Ladi Balogun whom he said was chosen by God and his brothers don’t envy him. Rather, they are very supportive.
Unbeknownst to many, Bolaji is the older son of Otunba while Ladi Balogun is the third son and a younger brother to Bolaji.

But the unique thing about the duo is that, While Ladi remained, the Group MD/CEO of First City Monument Bank, Bolaji left the family-owned FCMB in 2001 at a time when it was transitioning from a traditional merchant bank into a universal commercial bank startup Chapel Hill in 2005 and went into a merger with Denham in 2008.

Today, the company is one of Nigeria’s foremost investment banking experts and was pivotal to advising and working with the Central Bank of Nigeria in setting up the Assets Management Company of Nigeria, AMCON.

While Ladi continue to make the family proud by positioning the bank, FCMB as a major commercial bank that is customer friendly.

Surprisingly, the young maverick capital and money markets moguls were not from the same mother. Bolaji is the son of the late Prof. Oluwale Dorcas Osisanya while Olori Abimbola Balogun is Ladi’s mother.

Isaac Oguntoye