The Central Bank of Nigeria has granted approval for Greenwich Merchant Bank Limited to establish a financial holding company, Greenwich Holdings Limited.

The approval, announced in a statement on Tuesday, marks a key milestone that will allow the Greenwich Group to consolidate its existing financial services, broaden its market reach, and strengthen its role in Nigeria’s financial sector.

With the new structure, Greenwich Holdings Limited will oversee Greenwich Merchant Bank Limited, Greenwich Asset Management Limited, and Greenwich Securities Limited, while driving the Group’s expansion efforts.

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Ozena Utulu, Head of Corporate Communications at Greenwich Merchant Bank, emphasized that the approval underscores the company’s commitment to excellence and its longstanding reputation as a trusted financial partner.

“Greenwich Holdings Limited marks a significant new phase in the evolution of Greenwich, which began with Greenwich Trust Limited in 1994. The firm, originally a financial adviser and issuing house, transitioned to Greenwich Merchant Bank in 2020 after securing CBN approval,” Utulu said.

Over the past three decades, Greenwich has grown its presence across various financial sectors through its subsidiaries, including Greenwich Registrars and Data Solution Limited and Greenwich Trustees Limited.

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