Stanbic IBTC Stockbrokers named NSE best in 2016 trading

by | December 11, 2016 7:14 pm

Stanbic IBTC Stockbrokers Ltd (SISL), a member of Stanbic IBTC Holdings Plc, has been awarded the best dealing member firm on the Nigerian Stock Exchange (NSE) for 2016.

A statement released to the News Agency of Nigeria (NAN) on Sunday in Lagos by the NSE. said the award was in recognition of the company’s outstanding performance in the 2016 trading year.

It said the annual capital market award of the NSE Chief Executive Officer (CEO) was in recognition of excellence and exceptional performance by market operators in a given year.

According to the statement, promoters of the awards seek to reward outstanding contribution to the growth and development of the Nigerian capital market and the NSE.

The SISL was commended for a high performance culture that enabled it retain its position as Nigeria’s largest stock broking firm in terms of transaction value for the fourth time,’ it said.

The statement said the company, during the period in review, retained its position as the largest stock broking firm in Nigeria in terms of transaction value executed on the exchange.

It said that the company had consistently retained the position for a decade.

The company’s Chief Executive, Mrs Titi Ogungbesan, was quoted in the statement to have said that the award reflected the company’s consistent performance over the years.

Ogungbesan said that the feat was made possible from the firm’s robust strategy to set clear values, objectives and processes to ensure that investors derive optimal value from their investments.

She said that the company would continue to leverage on the stellar reputation and expertise of the Standard Bank Group, to which Stanbic IBTC belong, to provide robust services in the capital market.

“We are absolutely delighted to be recognised for our contributions toward the development of the Nigerian capital market.

“The award reflects our strong commitment to a culture of high performance, excellence, and consistently delivering relevant, innovative and timely solutions to our ever-growing local and foreign clientele, ‘’ Ogungbesan said.

She said the company would continue to collaborate with the Exchange and other stakeholders to nurture the Nigerian capital market into a world-class hub.

According to her, the recent market volatility caused by the impact of plummeting global oil prices on the nation’s economy has made it imperative for us to map out ways with the aim of nurturing the market.

Stanbic IBTC Stockbrokers was a wholly-owned subsidiary of Stanbic IBTC Holdings Plc, a member of Standard Bank Group.

It is a full-service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. (NAN)