FBNQuest Asset Management, has highlighted investment opportunities for Nigerians in the Diaspora that would result to partnership.
The Managing Director, FBNQuest Asset Management, Ike Onyia charged Nigerians abroad to take advantage of investment opportunities to develop the country’s economy.
“FBNQuest Asset Management is open to partnerships that will unlock the potential of the Nigerian diaspora community as a source of economic development. We provide bespoke solutions to organizations and individual investors looking to set up structures that can help them achieve their investment goals. As a trusted advisor and credible partner with sound local knowledge and a rich pedigree, we will help them navigate through opportunities in the homeland’’. Onyia was quoted.
FBN Quest had become the unified name for the Merchant Banking and Asset Management businesses of FBN Holdings Plc, one of the strongest and most dependable financial service groups in sub-Saharan Africa.
The businesses include -FBNQuest Merchant Bank, FBNQuest Asset Management, FBNQuest Securities, FBNQuest Capital, FBNQuest Trustees and FBNQuest Funds.
FBNQuest Merchant Bank, the investment banking and asset management group of FBN Holdings Plc, declared a profit before tax (PBT) of ₦6.17 billion for the year ended 31st December 2017, representing a 25.7% increase from the previous year’s position.
Total assets of the group grew to N140.701 billion, from N137.2 billion in 2016.
In May, 2018, FBNQuest Merchant Bank received accolades from global financial and capital market awarding institutions in recognition of the impact and size of transactions delivered by the Investment Banking business in 2017.
The firm won five awards in various categories of the EMEAFinance Achievement Awards, including ‘Best Local Currency Bond House’ and ‘Best Social Development Bond’ for its role in Mixta Real Estate’s $4.5b Senior Guaranteed Fixed Rate Bonds; Most Innovative Naira Bond for the US$300m Inaugural SEC-Registered Diaspora Bond; ‘Best Mergers and Acquisition Deal’ for the Divestment of AMCON’s 100% Shareholding in Keystone Bank; and ‘Best Naira Bond’ for its role as one of the financial advisers on the Federal Government of Nigeria’s ₦100b 7-year Inaugural Sovereign Sukuk.
The Bank was also recognized for the FGN’s Sukuk transaction by The Banker’s Deal of the Year Awards, receiving the ‘Deal of the Year – Africa’ award.
FBNQuest operates to be the leading Merchant Bank and Asset Manager in sub-Saharan Africa. More so, its aims to be a trusted, inspirational partner founded on innovation, deep local roots, and global insights in the country’s banking system.
Located in Lagos, Abuja and Port Harcourt, the broad range of FBNQuest services ensures a bespoke solution for everyone.
