By Modupe Gbadeyanka
An investment banking licence has been granted to Alpha Morgan Capital Advisory Partner Limited by the Securities and Exchange Commission (SEC) of Nigeria.
“The Investment banking licence is coming at a time when the capital market needs innovation to deepen it and make it an enabler of economic development,” a statement issued by Alpha Morgan Capital quoted its Group Managing Director, Mr Ade Buraimo, as saying.
With the permit, Alpha Morgan Capital Advisory Partner Limited can now operate in the nation’s capital market and give investors something to cheer about.
Business Post gathered that the approval by SEC now makes the firm a full-fledged investment banking institution engaging in wealth management, portfolio and funds management, issuing house, financial advisory and underwriting.
“I am confident that with the variety and depth of skills, experience and commitment possessed by Alpha Morgan Capital, the Nigerian capital market is set to witness a positive revolution,” Mr Buraimo said further.
In 2016, Alpha Morgan Capital was announced as the best emerging investment banking institution by the Lagos Chamber of Commerce and Industry (LCCI).
Meanwhile, Alpha Morgan Capital has announced Mr George Imade as its Managing Director.
The appointee is an associate of Chartered Institute of Stockbrokers (CIS) and a registered capital market operator with SEC.
Before his appointment, Mr Imade was the Executive Director in charge of Investment Banking at Alpha Morgan Group.
Adedapo Adesanya