Ayodeji Ebo Moves to Greenwich Merchant Bank from Afrinvest

By Dipo Olowookere

The Managing Director of Afrinvest Securities Limited, Mr Ayodeji Ebo, has moved to the newly licenced Greenwich Merchant Bank.

Business Post reports that Greenwich Merchant Bank is a subsidiary of Greenwich Trust Limited, an authorised investment banking company in Nigeria.

Mr Ebo left his position at Afrinvest to join the new organisation as the Senior Economist/Head of Research and Strategy.

The respected analyst, who is armed with over 14 years’ experience in the financial market, was appointed the Managing Director of Afrinvest Securities, a top stockbroking firm in the country, in 2017. The firm is a subsidiary of Afrinvest (West Africa) Limited.

Greenwich Merchant Bank commenced operations in October 2020 and it plans to position itself as the go-to institution for providing financial services to both local and international clienteles.

According to the Managing Director of Greenwich Merchant Bank, Mr Dele Babade, the company intends to offer value to its clients as well as expand rapidly.

“The key focus would be on being a local bank that meets international standards in customer service, professionalism and ethics which we intend to scale up over the next few years and as we have said beyond Nigeria.

“We may be small for now, but the intention is that we would punch beyond our weight. So, there is in place a five-year strategy which we would continue to reshape and finetune as we proceed,” he said.

Mr Babade added that, “In addition to serving clients in Nigeria, we want to be known as the first point of call or window into Nigeria for international investors who are seeking entry into Nigeria either as Direct Foreign Investment (DFI) or multilateral funders to Nigerian businesses via our debt advisory team.

“Secondly to portfolio equity investors, whether institutional or retail especially institutional investors via our stockbroking team in GSL, strategic investors hoping to buy into Nigerian companies via our advisory team and diaspora investors looking to invest via our asset management businesses.”