The Central Bank of Nigeria (CBN) has approved a financial holding company structure for Greenwich Merchant Bank, allowing it to operate under Greenwich Holdings Limited.
In a statement on Tuesday, the bank described the approval as a major milestone that will help Greenwich Group consolidate its financial services, expand into new markets and strengthen its position in the industry.
With this new structure, Greenwich Holdings Limited will oversee Greenwich Merchant Bank, Greenwich Asset Management and Greenwich Securities while driving the group’s expansion.
Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank, said the approval reflects the group’s dedication, hard work and long-standing reputation in the financial sector.
Greenwich’s journey began in 1994 as Greenwich Trust Limited, a financial advisory and issuing house. In 2020, it transitioned into Greenwich Merchant Bank after securing regulatory approval from the CBN. Over the past 30 years, the group has expanded into various financial services, including Greenwich Registrars and Data Solutions Limited and Greenwich Trustees Limited.