The Ecobank Group has more than $4 billion in assets in custody between its various companies that provide custody services in the Francophone, Anglophone, and Central African areas.

The new custody product places the bank in a position to provide its clients with more value-adding banking and investment alternatives, according to Bolaji Lawal, Managing Director/Regional Executive, Ecobank Nigeria, who announced the launch in Lagos.

He declared, “There was a discernible need to provide custodial services in Nigeria as a pan-African bank with a route into other African countries. As a result, we have decided to offer Nigerian investors enhanced support so they can more easily disperse their commercial interests over the continent and safeguard their investments.

Adebola Adedeji, the Managing Director and Head of Custody at Ecobank Nominees Limited, also revealed that the custody firm has completely started up, is now seeking business, and has already begun to sign on clients.

“The custody business aims to establish the bank as a one-stop shop, providing our esteemed clients with premium financial services and investor solutions,” the spokeswoman clarified. In several of the other nations where Ecobank operates, custody services are already provided. By entering Nigeria, we will give our clients even more access to the African and global markets.

“Ecobank custody has implemented a state-of-the-art technology solution to improve the client experience throughout the entire investment cycle, resulting in an efficient post-trade service.” Our extensive service offerings encompass a wide range of services, such as cash management, securities lending, fund administration, corporate action processing, portfolio valuation, FX services, escrow agency services, reporting, and multi-market access via Ecobank Group affiliates.

Financial assets are managed and kept safe on behalf of clients through custody services.