Apart from commercial banks, there are other types of banks that you should know about. Have you heard about mortgage banks, development banks, or investment banks? People are conversant with commercial banks, most people are not familiar with investment banks.
What are investment banks? Investment banks are financial institutions that offer financial advice to individuals, businesses, corporates, and even government. You can consult these institutions to help you with the right investment opportunities for you.
An investment bank acts as an intermediary between prospective investors and the companies who are looking for investors to finance or invest in their company.
They can also perform the function of acting as the agent of the company in the issuance of shares and securities. Furthermore, they play a part in the acquisition or merger of two or more companies.
Functions of investment banks:
- It is the engine room of the economy
- it’s maim objective is to create capitals for business entities, governments, and other organisations
- it focuses on three major functions which are corporate financing, financial banking and sales & trading
This is at the core of investments banking, here banks tends more to how their customers fund build their business, it’s here that funds are raised for capital markets, the bank also offer strategic advisory devices on things like merger and acquisitions, other important aspects of of corporate finance are asset and structured fiance.
Sales & Trading
This is the global market coverage of sales, trading of several financial products, here there is much of research and analysis on market products and tools and offering of forex trading strategies for customers, trades are executed in few clicks and quickly too and sometimes preprogrammed algorithms are leveraged.
Are you in search of the best investment companies in Nigeria? If yes, you’re in the right place. This post unveils you with the top ten investment companies in Nigeria.
Top 10 Investment Banks in Nigeria
Here is the list of top ten investment banks in Nigeria currently.
Zenith Capital is a subsidiary of Zenith Bank Plc, which happens to be one of the best commercial banking institutions in Nigeria.
This investment bank has instituted the right attitude to work in hiring qualified employees with the needed skills, expertise, knowledge, and experience in delivering financial services to her clients and customers.
FBN Capital Limited
FBN Capital Ltd is a sister company to the First Bank of Nigeria Plc. In 2016, they received the award for the “best asset manager in Nigeria” and the ‘best local investment bank in Nigeria’ at the 9th edition of the EMEAFinance African Banking Awards.
In the same year, they executed the biggest commercial paper ever established by a Nigerian business enterprise. Over the years, this bank has caught the eye of investors from Nigeria and overseas.
Stanbic IBTC Asset Management
The Stanbic IBTC Asset Management company is a subsidiary to the Stannic IBTC Bank which happens to be one of the members of the Standard Bank Group.
Stanbic IBTC does not only specialize in financial consultancy, risk management but they are also experts in investment banking. The investment banking arm of the bank is a specialist in the investor sector of the economy. They have years of experience in the market trends, they know what works and what doesn’t.
If you are looking for a good investment bank to give you financial advice, you can consider this bank. You can find them at 31, Allen Avenue, Ikeja, Lagos State.
Vetiva Capital Management Limited
Vetiva Capital Management Ltd is one of the forefront institutions in the investment banking sector. The bank is one of the best investment banks to work and to get support on financial matters.
Vetiva Capital Management Ltd is registered by the Nigerian Stock Exchange (NSE) and the Security and Exchange Commission (SEC). This allows them to operate in and outside Nigeria.
Apart from the provision of investment banking services, this Pan-African financial institution offers asset management and trust services, brokerage and dealing.
Greenwich Trust Limited
Since its incorporation in February 1992, Greenwich Trust Limited has grown to become one of the strong players in the Nigerian investment sector. They commenced operations in June 1994, they have been regulated by both the Nigerian Stock Exchange (NSE) and the Nigerian Securities and Exchange Commission.
Afrinvest is one of the fastest-growing investment and financial service providers in West Africa. They are regulated by the Securities and Exchange Commission (SEC), this makes them an issuing house and underwriter.
Afrinvest offers asset management, investment research, security trading, and banking services. They do offer capital raising solutions and financial advisory services to anyone in need of them.
Chapel Hill Denham
Chapel Hill Denham was established in 2005 as a financial advisory firm under the Nigerian Securities and Exchange Commission. The organisation came into existence as a result of the merger of two successful Nigerian investment firms Chapel Hill Advisory Partners Ltd and Denham Management Ltd.
Before the merger in 2005, Chapel Hill Advisory Partners Ltd had a license from both the SEC and the NSE to operate as a market maker and an issuing house. On the other hand, Denham Management Limited had licenses to operate as a dealer/broker, fund/portfolio manager, and investment adviser to private individuals, corporates, and the government.
Chapel Hill Denham has been in the business for more than a decade, they have an expert team of top professionals who are well-versed in finance, capital and investment banking.
Renaissance Capital Bank
Renaissance Capital provides a wide array of investment banking solutions to individuals and corporate bodies including prime brokerage, mergers, acquisitions, equity debt capital, prime brokerage and global markets.
They have branches in Nigeria and other major cities in the world such as Accra, Nairobi, Moscow, Kyiv and other places.
WSTC Financial Services all Street Trust Company Limited
WSTC Financial Services was formerly referred to as the Wall Street Trust Company Limited. It started out as a non-financial institution in 1991 and obtained a license in 1993 to offer financial services.
They are registered with the NSE and SEC to operate as a broker/dealer and fund/portfolio managers and issuing house respectively. This is one of the financial institutions you can bank in services regarding investment banking and asset management.
Standard Chartered Investment Bank
The Standard Chartered Investment Bank is a multinational investment that offers services in wealth management, investment banking, digital & transaction banking services.
They have over 1700 branches across the world with subsidiaries in over 70 countries. In Nigeria, the Standard Chartered Investment Bank has over 22 branches in Abuja, Lagos, and Port Harcourt.
In this article, we provided you with a list of the best ten investment banks in Nigeria. This doesn’t mean the investment banks that were not mentioned here aren’t great and professional. You can contact or visit any of these institutions if you are in need of consultancy or advice in financial and investment matters.