About Us / Executive Staff

Executive Staff

Dr. Lucy Surhyel Newman

Managing Director/CEO

Dr. Newman presents a hybrid of development finance, private sector banking, and consulting background, within an academic orientation leveraged on a results-focused paradigm, which has shown her successes in aligning strategy, structure, people, policies and systems to optimize individual, organizational and systemic performance. She is a creative person and a dynamic leader with comprehensive experience demonstrating a broad-based public and private sector background in areas including Strategic Planning, Implementation and Monitoring, Program and Project Leadership, Research, Organizational Leadership Development, Business Development, Negotiations & Alliance Structuring, Start-ups, Corporate Turnaround and Governance.

She has over twenty-nine (29) years of public and private sector industry practice and consulting experience from a state development finance institution and four commercial banks in Nigeria, in areas including business development, investment portfolio management, human resources management, product development, strategy and post-merger integration. Her work from August 2006 - April 2009, was in business advisory and Performance Improvement Practice of the firm PricewaterhouseCoopers (PwC) Nigeria. She left PwC Nigeria to join FITC as the Managing Director/CEO in May, 2009.

Dr Newman’s academic qualifications include a doctorate degree in Business Administration with specialization in Leadership and Performance, from the University of Phoenix, Arizona USA; Business Administration at both Undergraduate and Post Graduate levels, at the Ahmadu Bellow University, with a focus on Financial Management at the Undergraduate level and International Business, at the Post Graduate Level. Her professional qualifications and certifications, include Certified Performance Technologist of the International Society for Performance Improvement, USA; Professional Membership of the Development Executive Group of Washington DC; Graduate of both the Leadership Development Program for HR Practitioners [LDHRP] & The Leadership At the Peak [LAP] Programs of the Center for Creative Leadership [CCL] Colorado Springs, USA; as well as fellowship of the Nigerian Institute of Management (NIM) and the Chartered Institute of Credit Administration.

Dr. Newman is an IFC/FITC Authorized Corporate Governance and Board Leadership Trainer, the 2012/2014 elected non-executive International Director on the global board of the International Society for Performance Improvement, (ISPI), a non-executive member of the Governing Councils of both the West African Bankers; Association [WABA] and the Bank Director’s Association of Nigeria [BDAN]. During her tenor as the elected 2012/2014 International Director on the global board of the International Society for Performance Improvement (ISPI), she served as the board liaison of 3 Committees of the ISPI, namely; the Emerging Professionals, the Honorary Life, the Awards of Excellence and the T. F. Gilbert Distinguished Professional Achievement Committees of the ISPI.

She is a member of the Institute of Directors [IOD] Nigeria, and the 1st Vice Chairman of the IOD’s Women Directors’ Development Committee [WDDC], as well as the Chairman of the WDDC Sub Committee on Publicity & Participation. She  plays various intellectual and financial contributory roles to many religious charities and secular community development initiatives in Nigeria and across West Africa, having to her credit, many publications and facilitation at several premium conference in Nigeria and internationally. 

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