The Central Bank of Nigeria (CBN) has granted regulatory approval for the establishment of Greenwich Holdings Limited, a financial holding company for Greenwich Merchant Bank Limited.
This approval marks a significant milestone for the Greenwich Group, enabling it to consolidate its existing financial service businesses, expand into new markets, and reinforce its position as a leading player in the financial sector.
Upon commencing operations, Greenwich Holdings Limited will oversee key subsidiaries such as Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited. This strategic move is expected to drive the expansion of the Group, further solidifying its commitment to delivering innovative financial solutions.
According to Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank Limited, the approval is a testament to the Group's dedication, hard work, and long-standing reputation as a trusted partner in the financial industry.
Greenwich Holdings Limited represents a new chapter in the Group's growth, which began with Greenwich Trust Limited in June 1994. Initially operating as a financial adviser and issuing house, Greenwich Trust Limited later transitioned into Greenwich Merchant Bank Limited in 2020 after obtaining regulatory approval from the CBN.
Over the past three decades, Greenwich has expanded its presence across various segments of the financial sector through its subsidiaries and affiliated entities. This includes Greenwich Registrars and Data Solution Limited and Greenwich Trustees Limited, among others.
