FSDH Merchant Bank has launched its custody services offering for investors, as part of its commitment to continually deliver on our excellent track record of innovative financial & investment solutions.
Custody is a financial service product that provides safekeeping of financial assets. This launch is part of the FSDH Group’s plan to meet investors’ needs by covering their end-to-end transactions, further showcasing FSDH’s years of expertise and experience within the financial services sector.
Its unique proposition includes; the use of technology to provide enhanced service delivery, assets servicing, and proffer sophisticated solutions to customer’s banking and financial service’s needs.
The managing director, FSDH Merchant Bank, Bukola Smith, affirmed that FSDH will continue to deepen our business lines, strengthen our offerings and deliver our promise to play a key role in the success journey of our clients.
According to Smith, “as we offer a one-stop array of financial services to our customers; we are now able to deliver efficient end-to-end of their transaction life cycle and we offer years of experience and expertise within the money market, capital market, corporate and transaction banking space to do so excellently.”
She added that, this new phase provides an additional option of non-pension custody services through which our bank can provide higher standards of service through experienced personnel across FSDH Group.
Speaking on the new offering, divisional head, Global Markets & Prestige Banking at FSDH Merchant Bank, Hakeem Muhammed, reiterated FSDH’s proven decades of expertise in financial services, saying, “With the launch of our custodial service, a banking solution aimed at enhancing the post-trading activities of our clients, we will ensure an efficient custody management process and safekeeping of assets with the highest assurances of safety, efficiency, use of technology, superior service, lower turn-around-time and a direct settlement process with Euroclear Bank which ensures timely settlement.”
The addition of custody services to its offerings, he said, would enable the firm continue to delight its clients by delivering value-added services that will significantly impact the performance and profitability of its existing and future clients.
With the Global Custody license, FSDH Merchant Bank, through its nominees service, can now serve as a premium investor services solution provider for asset managers, institutional investors, banks, insurance companies, brokers, private equity firms, NGOs, foreign portfolio investors and HNIs.
Other services include; provision of fund services, administration for SEC-regulated collective investment schemes, portfolio valuation, collateral management, escrow agency services, securities lending, cash management, compliance reporting amongst others.
