News Wings

Tag: Stockbroking

  • DLM Capital Group and Sofri win Big in 2022 BAFI Awards

    DLM Capital Group and Sofri win Big in 2022 BAFI Awards

    Leading Investment Bank in Nigeria, DLM Capital and its subsidiary – Sofri (Sofri, powered by Links Microfinance bank) have bagged award of recognition and excellence at the just concluded BusinessDay Banks’ and Financial Institutions (BAFI) awards 2022. The Award Ceremony which was held on 5th November 2022 at the Lagos Continental Hotel was graced by the crème de la crème of the Nigerian banking and finance sector.

    DLM Capital Group emerged winner for “The principal Finance Firm of the Year 2022” while Sofri was awarded with “The Consumer Digital bank of the Year 2022”. Sofri is a financial platform powered by Links MFB, a subsidiary of DLM Capital Group. The respective honors came despite some stiff competition from other formidable nominees.

    The Principal Finance Firm of the Year Award was recognized with DLM Capital Group for being the provider of best-in-class deal structuring and a firm that has demonstrated shrewd investment expertise in deploying its own capital – either in the debt or equity layers of the capital structure – to hyper growth, early- to mid-stage companies with strong upside potential to achieve market-beating returns over the long-term.

    Funsho Idowu, MD, Links Microfinance bank, expressed his delight at the recognition of DLM Capital Group and Sofri’s efforts and reiterated the organization’s commitment to develop an investment ecosystem of choice with the strategic intent to empower minds in Africa.

    Commenting on the award, he stated “Sofri has enjoyed several recognitions from Saudi Arabia, Kenya, Ghana etc. and it is indeed an honor to receive this award from such a prestigious body as BusinessDay. ‘’This shows the strength of how impactful our works are felt far and wide’. We are committed to delivering the best of services to our consumers and won’t relent’’ he added.

    The BAFI award categories cut across banking, insurance, capital markets, investment, pension funds, trustees, registrars, stockbroking, and private equity and the BAFI Awards is supported by the BusinessDay Research and Intelligence Unit.

  • Stanbic IBTC Urges Women To Engage in Wealth Building Investments

    Stanbic IBTC Urges Women To Engage in Wealth Building Investments

    As part of efforts to continually advance women entrepreneurs in Nigeria, Stanbic IBTC Holdings PLC, a member of Standard Bank Group has called on women to engage in wealth building investments for the collective progress of their finances and businesses.

    This was disclosed at the Women in Management, Business and Public Service (WIMBIZ) June 2022 Roundtable Session themed: ‘The Woman and Her Money: Empowerment through Business, Trusts, Private Banking, StockBroking, and Insurance’.

    The Women in Management, Business and Public Service (WIMBIZ) is a non-profit organisation focused on increasing and supporting the success rates of female entrepreneurs and the proportion of women in senior positions in corporate organisations and public service.

    Over the years, WIMBIZ has inspired, empowered and advocated for better representation of women. Speaking at the roundtable session, Busola Jejelowo, Executive Director, Investment Management, Stanbic IBTC Asset Management Limited, stated that despite the positive impact that women-owned businesses have on the society, there are still untapped wealth building opportunities that can be explored to improve their businesses and finances.

    She said: “Despite the challenges women face, we continue to play a significant role in driving the economic, social and cultural development of our communities. In Nigeria, more than 41 percent of small businesses in Nigeria are run by women, with over 23 million female entrepreneurs operating in this segment. Imagine if all these women begin to invest their funds in veritable assets. The returns they will get on their investments will be indeed substantial. However, many women are not aware of financial opportunities due to the low level of financial literacy in the nation. This is part of the reason why we have organised this event.”

    According to her, the theme of the session is centered around how investing in Business, Trusts, StockBroking, Insurance’ and other financial properties can greatly benefit women in today’s world.

    “We are proud to say that over the years, Stanbic IBTC has helped a lot of Nigerian women build sustainable wealth, despite the general economic outlook. One of our core initiatives is to organise free capacity building sessions for individuals. As people from different works of life and especially as women, we need to cultivate the habit of savings and investing our funds, which will be used to acquire assets,” she added. 

    The Executive Director, Clients Solution, Stanbic IBTC Bank, emphasised that the focus of the conference was to primarily build the confidence of the businesswoman in the Nigerian market and provide a platform for sensitising women on wealth creation through opportunities with alternative investments, access to business financing and working capital, use of insurance to protect their wealth and many more.

  • Stanbic IBTC Asset Management Set to Advance Customer Assets in 2022

    Stanbic IBTC Asset Management Set to Advance Customer Assets in 2022

    In a bid to develop the Nigerian capital market and enhance the economy, Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, is set to advance customer assets in 2022 with its bouquet of investment solutions.

    Incorporated in 1992, Stanbic IBTC Asset Management has been providing investment services to foreign and domestic portfolio investors comprising global custodians, fund managers, international brokers as well as domestic institutional investors such as corporations, insurance companies, collective investment schemes, and mutual funds, for almost two decades.

    With a robust marketing campaign themed: Invest for More, Stanbic IBTC urges investors, young and old, retail and corporate, employed and self-employed, to reach for their goals by investing broadly and consistently in a wide range of investment options offered by the company.

    The organization has investment solutions ranging from mutual funds which can be accessed with as low as N5,000 to ethical investment vehicles for individuals seeking Shariah-compliant investment options to HNIs and corporates seeking long-term infrastructure options and the Ultra High Net Worth individuals seeking private portfolio management. The only criteria to come on board is a desire for more – everyone can be accommodated by Stanbic IBTC Asset Management.

    To ensure that clients have easy access to these solutions, the company’s digital channels have been further enhanced to ensure that clients can set up new investment accounts and top up their investment accounts with ease. The channels also make it easy to monitor investment growth from anywhere clients may be via mobile and web. To top it all up, the company’s investment managers are available to provide investment advice to clients who wish to get specific guidance on how and what to invest in.

    Speaking on the organization’s plan for the year, Oladele Sotubo, Chief Executive, Stanbic IBTC Asset Management, said, “In 2022, our utmost priority is to champion reform processes targeted at benchmarking the Nigerian capital market to global standards in all areas of operations and market practice. We are ready to improve the assets of all our clients by providing them with even more diversified investment options backed by quality service delivery.”

    Mr Sotubo further added that the organization boasts experienced professionals dedicated to guiding clients in the areas of efficient asset management and veritable investment plans, amongst others. “At Stanbic IBTC Asset Management, investors are advised on investment options to maximise opportunities and minimise risk. Our array of products offers returns on funds invested, which help our clients grow their net worth wealth over time. Our goal is to help facilitate the growth of all our clients’ assets” he added.

    The Chief Executive further encouraged individuals to diversify their investments, describing it as a vital part of mitigating risk and improving overall returns in the long term. Stanbic IBTC Asset Management’s vast experience in asset management, stockbroking, and securities settlement makes the organization the go-to partner for anyone who desires to build sustainable wealth even in the midst of challenging economic winds.

  • Wema Bank Appoints Chukwuemeka Obiagwu As Executive Director

    Wema Bank Appoints Chukwuemeka Obiagwu As Executive Director

    Wema Bank Plc has announced the appointment of Chukwuemeka Obiagwu as an Executive Director of the Bank effective from 1st of April 2021.

    Emeka is a multi-disciplinary professional with a background in Accounting, Insurance, Corporate Finance, Stockbroking, and Public Finance. He has over three (3) decades of experience in banking, financial services, and public service.

    Early in his career at Fidelity Bank Plc, Emeka successfully repositioned and grew a
    subsidiary which he eventually led as the Group Managing Director & CEO. At different times, he creditably led the Human Resources, Corporate Services.

    Transaction Support Services, Corporate Finance, Regional Banking as well as the
    Retail and Commercial Banking arms of the bank. He was a Non-Executive Director
    of Fidelity Pension Managers where he also served as Chairman of the Board, Audit
    Committee.

    He left Fidelity Bank Plc. in 2015 after 20 years of meritorious service and in January
    2016, joined the Federal Inland Revenue Service as a Director with responsibility for
    Enforcement. He was also a Member of the Technical Committee of the Board and
    Chairman of the Budget Committee of FIRS, among many other roles.

    Emeka is an alumnus of the Lagos Business School (SMP 16) as well as Harvard
    Kennedy School of Government Boston, Massachusetts USA, where he obtained an
    Executive Certificate in Economic Development. He has had the privilege of studying
    at some of the world’s leading institutions for Executive Business Education, such as,
    INSEAD Business School, Fontainebleau, France; Kellogg School of Management to
    mention a few.

    Mr. Obiagwu is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN);
    Fellow, Chartered Institute of Stockbrokers; Honorary Senior Member, Chartered Institute of Bankers of Nigeria; Fellow, Chartered Institute of Taxation; and Associate, Chartered Insurance Institute (London).