Zedcrest Group Expands Institutional Services with New Leadership and Acquisitions
Zedcrest Group, a prominent financial services firm operating across Africa, is significantly enhancing its institutional capabilities through strategic expansions, new product offerings, and a strengthened leadership team. The company is positioning itself as a comprehensive provider of institutional-grade financial services, with a focus on asset management, investment banking, securities, and financing solutions.
Strategic Acquisitions and Regulatory Milestones
In 2024, Zedcrest successfully completed the acquisition of RMB Nigeria Stockbrokers, a member of Rand Merchant Bank, which has since been rebranded as Zedcrest Securities. This strategic move has substantially strengthened the Group's stockbroking capabilities and expanded its portfolio of financial products and services. Additionally, Zedcrest has secured its Issuing House license, enabling the firm to deliver end-to-end investment banking solutions, including capital raising, structured finance, and advisory services.
These developments cement Zedcrest's position as a reliable financial partner for both individuals and institutions, allowing the company to offer more integrated and scalable solutions in increasingly complex financial markets.
New Leadership Appointments Across Core Businesses
As part of its growth strategy, Zedcrest has announced several key leadership appointments to drive its institutional expansion. Simbiat Bada has been appointed as Managing Director of Zedcrest Stockbroking, focusing on deepening market capabilities. Ademola Akogun has taken on the role of Managing Director for Zedcrest Investment Banking, where he will lead the expansion of corporate finance and advisory services.
Furthermore, Luke Ofojebe, CFA, has been appointed as Chief Investment Officer, reinforcing the company's commitment to research-driven investment advisory. Ofojebe previously served as Head of Research & Portfolio Management at Zedcrest Wealth, where he significantly grew the company's Assets Under Management through strategic initiatives.
These appointments reflect a deliberate effort to build a forward-thinking leadership team capable of steering Zedcrest through its next phase of institutional growth.
Performance and Innovation Milestones
Zedcrest's reputation as a market leader is supported by its consistent track record of strong performance. The company's Money Market Fund consistently ranks among the top-performing funds in its category, with solid returns across equity funds and other investment offerings. This success is attributed to a disciplined investment philosophy and robust risk management framework.
In 2023, Zedcrest celebrated its 10th anniversary with the theme "A Future Redefined" and launched the Zedcrest Wealth app, a digital investment platform providing easy access to innovative investment solutions. This milestone underscores the company's ambition to redefine financial services delivery in Africa over the next decade.
Consumer Financing and Economic Impact
Beyond its core investment businesses, Zedcrest's consumer and business financing arm, Zedvance Finance, continues to play a crucial role in supporting economic growth. Zedvance plans to disburse ₦250 billion in commercial funding in 2026 alone, following strong performance from its Commercial Solutions business, which has already deployed over ₦96 billion since 2025.
Central to this strategy is its flagship product, Liquidity Solutions, designed to address the credit gap facing local enterprises and contribute to broader economic development.
Long-Term Strategic Vision
Adedayo Amzat, CFA, Group Managing Director of Zedcrest Group, commented on the company's strengthened institutional positioning, stating, "Zedcrest's long-term strategic mission extends beyond Nigeria, as we aim to elevate capital flows across Africa. We envision a comprehensive financial services institution with robust offerings in asset management, banking, lending, securities markets, investment banking, insurance, and pensions."
He added, "Our goal is to be the driving force that enables seamless capital movement within the economy, ensuring that we contribute significantly to the financial landscape as we achieve these objectives."
Founded in 2013, Zedcrest Group offers a broad range of financial solutions through its subsidiaries, including Zedcrest Investment Managers (Zedcrest Wealth), Zedcrest Global Markets, Zedcrest Securities, Zedcrest Capital, and Zedvance Finance. The company is leveraging data and research to enhance its market presence and drive the next phase of growth in Nigeria's financial services industry.
