FBN Capital appoints Heads of Research and Institutional Sales

In a bid to become the force to reckon with in the investment banking and asset management industry, FBN Capital Limited, the Investment Banking and Asset Management arm of First Bank of Nigeria Plc, has appointed Bunmi Asaolu, Gregory Kronsten and Wale Adebayo as joint Heads of Research and Head, Institutional Sales respectively.  

  Mr. Asaolu who assumes the role of Head, Equity Research served in a similar capacity at CSL Stockbrokers (a subsidiary of FCMB UK) while Mr. Kronsten who until his appointment was the Director of Africa Research at Trusted Sources Limited, will Head the Macroeconomic and Fixed Income Research team. Mr. Adebayo, the Head of Institutional Sales, prior to his appointment was in charge of the Financial Institutions Sales and Derivatives business for Nigeria with Standard Chartered Global Markets. Their wealth of experience in extensive banking, risk management, operations, asset management, publishing/forecasting, technology and equity research will help to position FBN Capital as the leading provider of investment banking and asset management services in the country.  

  According to the CEO FBN Capital and MD/CEO of Investment Banking and Asset Management for the group, Mr. Osaze Osifo, 'The new members to the team will bring a wealth of experience, adding depth to our product and service offerings. Their appointments come at a time when our goal is to have the best quality team in the region and to provide best-in-class investment banking and asset management services to our clients.'  

  Asaolu a CFA charter holder with a first class degree in Chemical Engineering from Imperial College London, Kronsten holds an Honors degree in Modern History from St. John's College, Oxford while Adebayo is an alumnus of Columbia Business School, New York.  

  FBN Capital, currently an industry leader in deal origination, execution and distribution, has demonstrated market leadership capabilities in debt structuring, arranging and syndication. Having successfully arranged and coordinated the financing of strategic infrastructure & PPP projects across Nigeria over the past 5 years, FBN Capital has advised on landmark transactions across several sectors of the Nigerian Economy.  

  First Bank of Nigeria Plc, apart from having the largest financial services group in sub-Saharan Africa which includes investment banking, registrarship, trusteeship, insurance brokerage, SME financing, venture capital financing, mortgage banking and pensions funds management, has one of the most expansive local branch networks of over 600, and international presence in the United Kingdom, Paris, China and South Africa.