By Providence Emmanuel
CORONATION Merchant Bank has been named the best investment bank in Nigeria at the 2018 global business outlook awards which held recently in London, UK.
Now in its fifth year, the Global Business Outlook awards is internationally recognised as the landmark finance event to reward achievements, commend best practices and celebrate excellence in the African banking landscape.
The award also provides a platform to bring together industry leaders from across Africa whilst celebrating the achievements of those driving economic growth across Africa. Commenting on the awards ceremony, Publisher of Global Business Outlook Magazine, Mr. Daivick Bhaskar said, “our goal is to create a platform to celebrate organizations that are at the vanguard of creating a more responsible and sustainable industry than the one that existed ten years ago.
“Over the past 12 months, these organisations have helped set new benchmarks for the financial sector in terms of customer service and digital innovation. One bank that has recorded remarkable accomplishments in its very short years of operation is coronation merchant bank. the bank has established itself as a dominant player, sitting at the very top of the investment banking industry in its native Nigeria.”
Receiving the award on behalf of the bank, the Group Managing Director/CEO of the merchant bank, Abubakar Jimoh, said, “we started our investment banking business in 2016, and in less than three years, it has contributed immensely to the development of the capital market – both on the equity side and the debt capital side. I am happy we have established ourselves as a formidable player in the capital market, having raised over N300 billion for various companies in multiple sectors of the economy. This award demonstrates the market’s confidence in the Coronation Merchant Bank story.”
A statement from the bank stated: “driven by its vision of becoming Africa’s premier investment bank, Coronation Merchant Bank has been a recipient of numerous awards over the course of the year. They include best investment bank in Nigeria by World Finance awards and most innovative investment bank of the year by Nigeria Finance Innovation awards.”