- Charts New Growth Strategy
According to the company’s Group Managing Director, Adedayo Amzat, the organisation is charting a new growth strategy targeted primarily at the retail opportunities in the market with the aim of creating more wealth for its clients.
“After operating in the market for over five years, the time has come to deepen our market penetration. Our Fixed Income and Currencies (FICC) operations have been primarily driven by a focus on wholesale dealing and brokerage to foreign portfolio investors, local pension fund administrators, asset managers and banks. We have identified High Net-worth Individuals (HNIs) and the retail space as new areas of focus and expansion for our Business. To this end, we will be unveiling bespoke fixed income and wealth management solutions for the HNIs and retail markets through our newly licensed Asset Management subsidiary (Zedcrest Investment Managers) while we continue to serve our wholesale customers through ZedCap Partners, our SEC licensed inter-dealer brokerage business,” said Adedayo.
His Banking career started in 1991 and he rose to the position of Executive Director, Finance in 1998 at Wema Bank Plc and was Managing Director in 2000 of Banque International du Benin, Cotonou -a universal bank in Cotonou, Benin Republic. He was appointed by the Central Bank of Nigeria in 2006 to serve as Director of Societe General Bank of Nigeria Ltd (while in holding action).
Stella Duru is the only female Partner in Banwo & Ighodalo’s Energy and Natural Resources Practice Group. Her core areas of practice are Energy & Natural Resources, Project Finance and Corporate Finance. She is renowned for her extensive experience in the power sector and authors articles in leading law publications. Stella has deep experience in oil, gas and power projects in Nigeria and has been involved in World Bank sponsored work streams advising on the power sector reforms in Nigeria. She was involved in the privatization and sale of government assets in the hitherto vertically integrated government owned power utility as well as in the new business units that were spun off this utility.
She obtained a law degree from the University of Lagos, Nigeria; and was admitted into the Nigerian Bar in January 2001. Stella is a member of the Nigerian Bar Association, International Bar Association (Section on Energy and Natural Resources Law) and Association of International Petroleum Negotiators. She is also an Associate of the Nigeria Leadership Initiative (a leadership development not-for-profit, affiliated with the Aspen Institute) as well as an Associate WimBiz (an association of Women in Management, Business & Public Service).
Commenting on the appointments, the pioneer and out-going Chairman of the company, Abiola Aderounmu commended the management of Zedcrest Capital Group for its well acclaimed achievements in the financial markets.
Since its establishment in 2013, Zedcrest Capital has steadily grown to become one of the most sought-after securities dealing and proprietary investment firms in Nigeria.
The appointments take immediate effect.
Zedcrest Capital Group is a full service capital management firm, with core interests in fixed income securities trading, asset management and proprietary investments.
In operation since 2013, the company’s mission is to improve capital flows in the economy with cutting edge financial management expertise to improve long term viability of the business environment.