Zedcrest Group Appoints Simbiat Bada as Managing Director of Stockbroking Arm
Zedcrest Group has officially appointed Simbiat Bada as the Managing Director of its stockbroking subsidiary, a move approved by the board and announced in Lagos in March 2026. This appointment is pending clearance from the Securities and Exchange Commission (SEC), marking a strategic step in the group's expansion within the equities market.
Strategic Move Following Acquisition
The appointment comes two years after Zedcrest Group acquired RMB Nigeria Stockbrokers in 2024, which was subsequently rebranded as Zedcrest Securities. Group Managing Director Adedayo Amzat revealed this development at a media briefing held at the company's head office, emphasizing the group's commitment to enhancing its securities trading expertise.
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 best-in-class stockbroking business that is responsive to evolving market dynamics."
Board Confidence and Professional Background
Babatunde Sanda, Chairman of the board, expressed confidence in Bada's capabilities, noting, "We are confident that Simbiat brings the discipline, professionalism, and strategic insight required to strengthen Zedcrest's position in the equities market."
Simbiat Bada brings nearly a decade of experience in securities trading, asset management, sales, and business development to her new role. Her educational background includes:
- A degree in Economics from the American University of Nigeria
- A master's degree in Economics from the University of Lagos
She is also a member of the Chartered Institute of Stockbrokers and a chartered accountant with the Institute of Chartered Accountants of Nigeria. Prior to joining Zedcrest, Bada held significant roles at Vetiva Securities and WSTC Financial Services Limited, focusing on trading, operations, and wealth management.
Zedcrest Group's Expansion and Services
Founded in 2013, Zedcrest Group has grown to provide a wide range of financial services through its subsidiaries, including asset management, investment banking, securities, and financing. The acquisition of RMB Nigeria Stockbrokers and the appointment of Bada are part of the group's broader strategy to solidify its presence in the Nigerian equities market and offer enhanced client solutions.
