Femi Bakre Biography – Parallex Bank Managing Director

Who is Femi Bakre? Parallex Bank Managing Director, Biography and other interesting informations about him

Parallex Bank Managing director, Femi Bakre, the father of BBNaija star Tobi Bakre, has devoted a large part of his life to the banking industry, where he has held many executive positions and achieved record-breaking successes.


Bakre has a broad knowledge of finance, which explains his meteoric climb in the banking world since his one-year mandatory NYSC service at the now-defunct Continental Merchant Bank in 1987.

After a decade of distinguished service at First City Monument Bank FCMB, where he departed as the executive director of institutional banking after a decade of distinguished service, he re-emerged at Parallex Bank as the Managing Director and Chief Executive Officer last year.

Barrister Kingsley Otuaro, Deputy Governor of Delta State, Otunba Lekan Osifeso, Ernest Ndukwe, Pastors and members of Christ Embassy Church, among others, were present for the official inauguration of the lender’s activities on Friday afternoon in Lagos.

Who is the owner of Parallex Bank

Parallex bank logo
Parallex Bank

Christ Embassy owned micro finance bank, Parallex Bank transitioned into a commercial bank with the Highly Esteemed Pastor/Dr Adeola Philips as Chairman of the board and Mr Olufemi Bakre as the Managing Director, having it’s head quarters in Victoria Island, Lagos.

Parallex bank management

Dr. Adeola Phillips chairs the dynamic board of Parallex Bank.

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