The Central Bank of Nigeria (CBN) has granted approval for the establishment of Greenwich Holdings Limited as a financial holding company for Greenwich Merchant Bank Limited.
In a statement on Tuesday, the bank described the regulatory approval as a major milestone, allowing Greenwich Group to consolidate its financial services, expand into new markets, and reinforce its leadership in the financial sector.
With this approval, Greenwich Holdings Limited will oversee the operations of Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited, while also driving the group’s expansion.
Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank, stated that the approval reflects the company’s dedication, hard work, and commitment to excellence in financial services.
"Greenwich Holdings Limited marks a new chapter in our remarkable growth, which started with Greenwich Trust Limited in June 1994 as a financial advisory and issuing house. The SEC-regulated firm later sought approval from the CBN to convert its operations, leading to the establishment of Greenwich Merchant Bank Limited in 2020," the statement read.
Over the past 30 years, Greenwich has expanded its presence across multiple financial service segments through its subsidiaries and affiliates, including Greenwich Registrars and Data Solutions Limited and Greenwich Trustees Limited
