Greenwich Group to Explore Insurance, PFA, Fintech

To expand into these sectors, the firm, which celebrated 30 years of delivering innovative financial solutions a few days ago, has received an Approval-in-principle (AIP) from the Central Bank of Nigeria (CBN) for a non-operating financial holding company structure.

The chairman of Greenwich Group, Mr Kayode Falowo, expressed profound gratitude to God and the company’s stakeholders for their support.

At the event, the firm, formerly known as Greenwich Trust Limited, said it has continued to build on the legacy of the late (Sir) Remi Omotosho’s good governance, integrity, and professionalism, as he was part of the journey of the company while alive.

The chief executive of Greenwich Merchant Bank, Mr Benson Ogundeji, attributed the success of the past decade to the unwavering support and guidance of the chairman which has been instrumental to the growth of the institution, the commitment of the staff, and the unwavering faith of the esteemed shareholders in the company’s vision, as their continued patronage has been fundamental to Greenwich’s success.

On his part, the Governor of Ogun State, Mr Dapo Abiodun, commended Mr Falowo for demonstrating exemplary leadership and commitment to excellence in his role for spearheading the remarkable traits that have significantly contributed to the growth and success of the Institution.

“We are celebrating the testament of the triumph of tenacity, which is predicated on faith, hope, and fortitude. Kayode is dependable, reliable, and very consistent. Kayode upholds all the attributes of good governance. He has demonstrated himself to be a good manager of human and financial resources over the years. I am convinced that your best is yet to come,” he added.

Business Post reports that the organisation transitioned from its early days as a Financial Adviser and Issuing House into a Merchant Bank.

In March 2024, Greenwich Merchant Bank was granted an AIP by the CBN for a non-operating financial holding company structure.

Today, Greenwich Merchant Bank is the most capitalized Merchant Bank in Nigeria, with a strong asset base of N146 billion as of June 30, 2024.

At the 30th anniversary dinner held in Lagos, the company awarded a posthumous award for leadership of N50 million to the late Mr Omotosho.

The best staff across the Greenwich Group, Mrs Yakashim Shettem, also received the Kayode Falowo Award for Excellence.