Rand Merchant bank, one of the top players in the investment industry has expanded its business horizons to providing custody solutions for portfolios and securities investment.
The custody solution which was launched at the bank’s client appreciation, art exhibition dinner, began operations during the year with the major aim of protecting client investment and improving its services.
In a bid to offer outstanding services, the firm designed frameworks used to carry out their duties which are safe custody of entrusted assets, clearing and settlement of equities, bonds and money market instruments, asset service, income collections among others.
Michael Larbie, CEO Rand Merchant bank, said “our brand alignment with creative and intellectual excellence presents a unique opportunity for the art of business to embrace the business of arts providing an empowering platform for extraordinary talent to be showcased
Larbie who doubles as the regional head, West Africa added that “the value proposition in our custodial service is premised on the art of safekeeping and speaks to our commitment to provide a seamless administration and a safe haven for our client’s investment”
Abiodun Adebimpe, head custody operations, RMB, in an interview said RMB prides itself as a solution think-tank, providing resolutions to clients and also placing client interest at the core which is what brought about the operations
He said “in a world of corporate and investment banking, the worth of a portfolio is as important as who keep it; therefore this makes safekeeping of portfolio investments very crucial”
he said the custody services provides domestic clients with access to international markets which allows extension of its offerings to over 100 markets outside Nigeria while international clients benefit end to end service at every stage of the investment cycle.
He said RMB has been able to remain distinct offering top custodian services in African markets because it has continued to proffer solutions to client’s investment challenges and has also been multidimensional in its investment management
Speaking on the activities of the bank, he said despite the tough condition of the financial market, RMB has been able to effectively manage its activities because of its outstanding capability as a solution provider with a team of securities specialist with operational and technical expertise.
