By Chioma Obinagwam
Stanbic IBTC Stockbrokers Limited , a member of Stanbic IBTC Holdings Plc, has been named the 2015 Best Dealing Member Firm on The Nigerian Stock Exchange (NSE) at the 2015 NSE CEO Awards, which held in Lagos recently.
The firm was commended for a high performance culture that has enabled it maintain its leadership position in the Nigerian capital market for close to a decade
During the period under review, the company retained its position as the largest stockbroking firm in Nigeria in terms of transaction value executed on the floor of The Exchange, a position it has consistently held.
The award reflects Stanbic IBTC Stockbrokers Limited’s consistent performance over the years, it’s robust strategy to set clear values, objectives and processes to ensure that investors derive optimal value from their investments. The NSE, in collaboration with other stakeholders, will continue to nurture the Nigerian capital market into a world-class hub.
In his comments, Chief Executive, Stanbic IBTC Stockbrokers Limited, Oladele Sotubo, said the company is pleased to win The NSE CEO’s award, which validates the appetite and growing capacity of the stockbroking firm to provide robust services in the capital market.
“We are delighted to be recognized for our efforts and credible performances in the Nigerian capital market. The award reflects our strong commitment to consistently deliver relevant, innovative and timely solutions to our ever-growing local and foreign clientele,” Sotubo stated, adding that The Company will continuously put in the public domain initiatives and strategies that could help all stakeholders, especially investors, to be better informed about developments in the capital market, which will help them in making informed investment decisions.
Stanbic IBTC Stockbrokers Limited, Sotubo added, was selected based on its outstanding work in the Nigerian capital market, part of which involved transactions in the most capitalized stocks quoted on the Nigerian Stock Exchange. The firm will continue to leverage the local and global expertise of the Standard Bank Group in optimizing value to clients, he said.
He recalled that the re-appointment of Stanbic IBTC Stockbrokers Limited as stockbroker to the Federal Government of Nigeria on FGN Bonds for three consecutive years as well as market maker by The Exchange clearly demonstrates recognition of The Company’s ability to deliver on its mandates as well as the Stanbic IBTC Group’s overall leadership in the various market segments.
Stanbic IBTC Stockbrokers Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings Plc, a member of Standard Bank Group, a full-servicefinancial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets and market capitalization. It is rooted in Africa with strategic representation in 20 countries on the African continent, including South Africa. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa and connecting other selected emerging markets to Africa and to each other, applying sector expertise, particularly in natural resources, globally.