The Central Bank of Nigeria has granted regulatory approval for the establishment of Greenwich Holdings Limited as a financial holding company, overseeing the operations of Greenwich Merchant Bank Limited.
In a statement released on Tuesday, the bank described the approval as a major milestone that will enable the Greenwich Group to integrate its financial services, explore new markets, and solidify its position as a key player in Nigeria’s financial industry.
With the commencement of operations, Greenwich Holdings Limited will take on the supervisory role for Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited, while also spearheading the Group’s expansion efforts.
Head of Corporate Communications at Greenwich Merchant Bank Limited, Ozena Utulu, emphasized that this approval reflects the institution’s unwavering dedication, perseverance, and commitment to excellence, which have been hallmarks of its operations.
“Greenwich Holdings Limited represents a new chapter in the unparalleled growth which began with Greenwich Trust Limited, a foremost provider of financial solutions that commenced operations in June 1994 as a financial adviser and issuing house. The SEC-regulated firm later applied to the Central Bank of Nigeria for the conversion of its operations, which led to the establishment of Greenwich Merchant Bank Limited in 2020.
“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,” the statement read.
Greenwich’s transition into a financial holding company is expected to enhance its service offerings and reinforce its role as a trusted institution in the financial landscape.
