The Central Bank of Nigeria (CBN) has granted regulatory approval for the establishment of Greenwich Holdings Limited as a financial holding company for Greenwich Merchant Bank Limited.
In a statement on Tuesday, the bank described the approval as a significant milestone, allowing Greenwich Group to consolidate its financial services, explore new markets, and strengthen its position in the industry.
With the commencement of operations, Greenwich Holdings Limited will oversee Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited, while spearheading the group’s expansion strategy.
Speaking on the development, Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank, said the approval reflects the institution’s dedication, hard work, and commitment to excellence in the financial sector.
“This marks a new chapter in our growth journey, which began with Greenwich Trust Limited in 1994 as a financial advisory and issuing house. Over the past 30 years, we have expanded across various segments of the financial sector, including asset management, securities, registrars, and trusteeship,” the statement read.
Greenwich Merchant Bank was established in 2020 following regulatory approval for the conversion of Greenwich Trust Limited. The new holding structure is expected to enhance operational efficiency and drive further expansion.
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