CBN to approve financial holding company structure

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

The Central Bank of Nigeria (CBN) has given its approval for a financial holding company structure, Greenwich Holdings Limited, for Greenwich Merchant Bank Limited. This development was announced in a statement released by the bank on Tuesday.

According to the statement, the regulatory approval is a significant milestone that will enable Greenwich Group to consolidate its existing financial service businesses, expand into new markets, and strengthen its position as a leading player in the financial sector.

For further information, read more details here

Upon commencement of operations, Greenwich Holdings Limited will oversee Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited, while driving the expansion of the group.

Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank Limited, expressed her delight at the regulatory approval. “The regulatory approval is an attestation of the dedication, hard work, and commitment to excellence that have defined Greenwich’s legacy as a trusted partner in the financial industry.

Utulu also highlighted the company’s rich history, saying, “Greenwich Holdings Limited represents a new chapter in the unparalleled growth that began with Greenwich Trust Limited, a foremost provider of financial solutions that commenced operations in June 1994 as a financial adviser and issuing house.”

She further noted that over the course of 30 years, Greenwich has expanded its footprint across various segments of the financial sector through its subsidiaries and affiliated entities, including Greenwich Registrars and Data Solution Limited and Greenwich Trustees Limited

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post.