Cordros Capital Limited has announced a major corporate expansion with the establishment of three new subsidiaries. In a statement sent to Daily Sun, the company announced that it had obtained all relevant licences and regulatory approvals to open shops for its Insurance Brokerage, Trustees, and Registrars businesses.
According to its Group Managing Director, Wale Agbeyangi, Cordros Insurance Brokers Limited has been granted an operating licence by both the Nigerian Council of Registered Insurance Brokers (NCRIB) and the National Insurance Commission (NAICOM). Also, Cordros Trustees Limited and Cordros Registrars Limited have been granted operating licences by the Securities and Exchange Commission (SEC).
Following the achievement of this new corporate milestone, the statement confirmed that the new businesses will commence operations in earnest. “It has always been the passion of the Cordros Group to help its clients grow their wealth and assets, regardless of their economic class. We are committed to delivering top-range financial services and consolidating our strengths to sustain leadership positions across our various businesses.
This includes Securities Trading, Investment Banking, Asset Management, and now Insurance Brokerage, Trustees, and Registrars. We are also deploying the right technology to ensure all our services are accessible remotely, and our clients can achieve their investment objectives on the go”, Agbeyangi said.
Chairman Board of Directors, Charles Osezua, stressed in his comments that the announcement of the new businesses is in line with the strategic direction of the group to evolve into a leading financial services powerhouse in Nigeria, and with a bold intent for the rest of Africa.
After commencing operation as a Securities Trading business in 2007, Cordros recorded significant milestones in 2010 and 2013 when it started its Investment Banking and Asset Management businesses, respectively.
