First Bank Private Banking

First Bank Private Banking operates under the broader First Bank of Nigeria Group structure. Ultimate investment and credit authority rests with the group's executive management and board-level committees in Lagos, with the London office executing within those mandates. The firm has not designated a named CIO for the private banking division in its public disclosures.

Deal flow originates primarily from the parent bank's corporate and commercial banking relationships across Nigeria. FirstBank's position as the country's oldest and one of its largest lenders by assets gives the private banking unit visibility into the financing needs, asset sales, and liquidity events of major Nigerian corporations and their owners. Real estate opportunities in London are often sourced through the bank's own network of developers and brokers serving the Nigerian diaspora.

Client wealth is predominantly Nigerian-origin, generated across sectors including oil and gas, banking, manufacturing, telecommunications, and real estate. First Bank's corporate banking history has made it the primary banker to multiple generations of Nigerian business families, and much of the private banking client base has accumulated wealth from those long-standing corporate relationships.