It was celebration galore for the FBNQuest Family as three of its members emerged winners at the EMEA Finance 2018 Awards recently.
FBNQuest Merchant Bank, FBNQuest Asset Management and FBNQuest Securities, won in several categories, in what may be termed FBNQuest’s strong performance as a leading Investment Bank, Broker, and Asset Manager.
The awards were: “Best Local Investment Bank”, “Best Asset Manager in Nigeria”, “Best Asset Manager, Pan-Africa”and “Best Broker in Nigeria”.
FBNQuest Merchant Bank was awarded best investment bank for its leading role in key transactions across various sectors, such as: Nigerian Breweries’ N11.08bn Series 13-15 Commercial Papers; the FGN’s ₦100bn Inaugural Sovereign Sukuk; Dufil Prima Foods’ ₦10bn Series 1 Bond; the Divestment of AMCON’s 100% Shareholding in Keystone Bank Limited; and Notore Chemical Industries Plc’s Listing by Introduction on the Main Board of the Nigerian Stock Exchange (NSE), among others.
FBNQuest Securities clinched the award for Best Broker for its dealings on the Nigerian Stock Exchange and Market Making activities, including acting as Lead Stockbroker on the Notore Chemical Industries transaction. This helped it rank among the top domestic stockbroking firms by value traded in Nigeria, and leading Primary Market maker among the 10 licensed Primary Market Makers on the Nigerian Stock Exchange (NSE).
FBNQuest Asset Management was recognized for the strong performance of its mutual funds over the last 12 months across all public funds and bespoke portfolios. The firm is ranked among the country’s top public Fund Managers by the Nigerian Securities and Exchange Commission (SEC).
Commenting on the awards, Kayode Akinkugbe, MD/CEO of FBNQuest Merchant Bank said the group is well “positioned to provide services to an expansive client base of retail, high net-worth and institutional customers. FBNQuest remains committed to consistently providing financial solutions that will enable our clients make a difference, and we are honored to be recognized once again as a reflection of the quality of support we give our clients.
“We will continue to deliver our expertise in financing, advisory, trading and investing solutions, as well as our unique distribution and execution capabilities as a part of the FBN Holdings group.” he added.
A statement by the FBNQuest Merchant Bank, a member of the FBN Holdings Group, said it has maintained a consistently strong position in the investment banking subsector in Nigeria, with a rich pedigree in offering alternatives to traditional bank debt products and a reputation for the successful execution of several big-ticket capital market and commercial debt transactions.
The Advisory and Debt Capital Markets teams have advised on several landmark domestic and cross-border transactions, successfully raising equity and debt from the public and private capital markets; while the Debt Solutions team has raised funds in excess of $10bn over the past five years and structured some of the largest local project finance transactions in the oil & gas sector.
It noted that the four EMEA Finance awards add to a portfolio of prestigious awards won by FBNQuest Merchant Bank in 2018, which include awards such as the African Banker’s Deal of the Year for the FGN’s $300m Diaspora Bond and The Banker’s Deal of the Year-Africa: Islamic Finance for the FGN’s N100bn Inaugural Sovereign Sukuk.