Zedcrest Group Appoints Simbiat Bada as Managing Director for Stockbroking Division
Zedcrest Group, a prominent financial services firm with operations in Asset Management, Investment Banking, Securities, and Financing, has officially announced the appointment of Simbiat Bada as the Managing Director of its stockbroking division. This strategic decision was approved by the company's Board and aligns with Zedcrest's broader vision to expand its market capabilities and deliver innovative, client-centric solutions that foster growth and solidify its position in the financial sector.
Strategic Appointment Following Acquisition
The appointment of Simbiat Bada comes in the wake of Zedcrest's acquisition of RMB Nigeria Stockbrokers in 2024, which was later rebranded as Zedcrest Securities. This acquisition was a key component of Zedcrest's long-term expansion strategy, designed to strengthen its foothold in the equities market, enhance trading capabilities, and broaden its offerings across the capital markets value chain. By integrating this acquisition, Zedcrest aims to build a best-in-class stockbroking business that can adapt to evolving market dynamics.
Leadership Endorsements and Regulatory Steps
Adedayo Amzat, CFA, the Group Managing Director of Zedcrest Group, made the announcement during a media parley held at the Zedcrest Head Office in Lagos. He emphasized that Bada's appointment is currently undergoing vetting by the Securities and Exchange Commission (SEC) to ensure compliance with regulatory standards. Amzat stated, "Bada's appointment reflects Zedcrest's commitment to deepening its expertise in securities trading and delivering superior execution, advisory, and wealth creation opportunities for our clients. It also reinforces our ambition to build a responsive and top-tier stockbroking business."
Babatunde Sanda, FCA, Chairman of the Zedcrest Board, also expressed strong confidence in the appointment. He highlighted that Bada's leadership will be crucial in unlocking new opportunities and delivering sustained value for stakeholders. Sanda added, "We are confident that Simbiat brings the discipline, professionalism, and strategic insight required to strengthen Zedcrest's position in the equities market."
Background and Expertise of Simbiat Bada
Simbiat Bada is a certified investment professional with nearly a decade of experience in various financial domains, including securities trading, asset management, sales, and business development. Her educational background includes a bachelor's degree in Economics from the American University of Nigeria, Yola, and a master's degree in Economics from the University of Lagos. Additionally, she holds memberships in professional bodies such as the Chartered Institute of Stockbrokers (CIS) and is a qualified Chartered Accountant (ICAN).
Prior to joining Zedcrest Securities, Bada held significant roles at Vetiva Securities and WSTC Financial Services Limited. In these positions, she leveraged her expertise in trading, operations, and wealth management to drive performance and support business growth, demonstrating her capability to lead in competitive financial environments.
About Zedcrest Group
Founded in 2013, Zedcrest Group provides a comprehensive range of financial solutions to a diverse clientele through its subsidiaries, which include Zedcrest Investment Managers (Zedcrest Wealth), Zedcrest Global Markets, Zedcrest Securities, Zedcrest Capital, and Zedvance Finance. The group's services span Asset Management, Investment Banking, Securities, and Financing, positioning it as a key player in Nigeria's financial landscape. This appointment marks a significant step in Zedcrest's ongoing efforts to enhance its market presence and deliver value-driven financial services.
