Business

October 6, 2010

Ecobank Launches investment banking subsidiary

Ecobank, the leading Pan-African banking group, has officially launched its new capital markets and investment banking arm, Ecobank Capital, at a prestigious African investment conference in New York.

Addressing representatives of the financial media and the investment community at the launch, Ecobank Group CEO, Arnold Ekpe, said:

“The launch of Ecobank Capital illustrates our commitment to providing our international customer base with the sophisticated, integrated financing solutions demanded by today’s fast-moving markets.”

“Our rapid expansion across Middle Africa has necessitated the restructuring of our trade, project and equity finance and syndicated lending businesses with a view to enhancing the delivery of our customer services across the Continent,” he added.
Offong Ambah, CEO of Ecobank Capital, commented: “By harnessing all of Ecobank’s considerable in-house knowledge and expertise in pan-African foreign exchange, equities, debt and commodities, we can provide our corporate, governmental and institutional clients with an integrated service from a uniquely local perspective.”

With a dedicated team of in excess of 100 professionals located in key financial centers across Africa and internationally, Ecobank Capital provides the full range of financing solutions expected from an integrated investment bank, including trading in all of Middle Africa’s 16 exotic currencies, deal origination and execution, buy-side advisory services and market research to capitalize on pan-African investment opportunities.