Yesterday, the news of MTN preparing to list on the Nigerian Stock Exchange, NSE excited the length and breadth of the Nigerian financial markets. However, except for those in the investment banking circles, little is known about Stanbic IBTC Capital Limited.
The firm will spearhead a consortium of partner investment banks (Standard Bank of South Africa Limited, Standard Advisory London Limited and Citigroup Global Markets Limited). They will be saddled with the responsibilities of advising and preparing all regulatory filings needed for MTN to apply and run a hitch free initial public offering by 2017.
Stanbic IBTC Capital Limited is a subsidiary of Stanbic IBTC Holdings PLC, the company provides investment banking services to corporate clients. It is registered with the Securities and Exchange Commission as an issuing house and underwriter.
Stanbic IBTC retained all its subsidiaries following the repeal of the universal banking license by the Central Bank of Nigeria in 2010, when a holding company structure was adopted by Stanbic IBTC Bank, carving out non-banking businesses from the Bank in compliance with the regulation. The Bank completed its reorganisation as a holding company in November 2012 when the investment banking division was transferred from the Bank to the newly incorporated Stanbic IBTC Capital.
Standard Bank has a controlling stake of 52.76% in Stanbic IBTC Holdings.
Here are the list and profile of the leadership team at Stanbic IBTC Capital Limited.
Funso Akere- Chief Executive
Adeniyi Adeleye: Head: Real Estate Finance
He has 20+ years of diverse experience in West Africa covering real estate investments, real estate finance, development advisory, financial advisory, project and construction management. Member of ULI, CIOB and RICS (Property Finance Pathway).
Oyinda Akinyemi: Head Equity Capital Markets
Kobby Bentsi-Enchill has worked on a number of landmark deals and has done a lot to enrich the capital markets in west Africa and inform a growing investor base. In 2004, Bentsi-Enchill and his team successfully advised on and arranged a P1 billion ($200 million) loan portfolio secularization, on behalf of the government of Botswana, with a series of notes, ranging from three years to 21 years – the first of its kind in sub-Saharan Africa.
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