Enterprise Television- NOVA Merchant Bank Commences Operations, Promises New Ideas
NOVA Merchant Bank Limited, a newly licensed merchant bank with a focus on wholesale banking, investment banking and asset management, formally commenced operations yesterday, unveiling its objective to re-establish merchant banking as a key economic driver by providing long-term funds and advisory services.
The Group/Chief Executive Office of a leading pan-African Bank, Mr. Oduoza, said We have structured our products and designed our business model around merchant banking. We have carved a niche for ourselves and we believe strongly we will deliver in this area, he promised the customers.
The launch was attended by dignitaries including the President, Dangote Industries, Alhaji Aliko Dangote, Chief Executive Officer of the Nigerian Stock Exchange Mr. Oscar Onyema, the Managing Director/CEO, FMDQ Mr. Bola Onadele and Chairman of UBA, Mr. Tony Elumelu amongst others.
Chinedu Ikwudinma disclosed that In investment banking, the bank would be looking at mergers and acquisition, advisory services, securities and trading, wealth and asset management as well as debt and equity capital management.
The Special Guest of Honour, Alhaji Aliko Dangote commended the promoter of the bank who he considered to be a thorough bred professional with a strong track record of achievements in the banking industry. He expressed his confidence in the quality of the board of directors of the bank and the senior management team.