Yemisi Izuora
The United Capital Group dominated the 2024 BusinessDay Banks and Other Financial Institutions (BAFI) Awards, securing five major awards and solidifying its position as a top-tier financial services powerhouse.
The Pan-African investment and financial services group excelled across multiple categories, winning:
• Financial Services Group of the Year (Non-Banking)
• Investment Management Firm of the Year
• Innovative Fund Manager of the Year
• Stockbroking Company of the Year
• Trustees Company of the Year
This achievement is particularly significant as three of the Group’s core subsidiaries – United Capital Asset Management, United Capital Trustees, and United Capital Securities clinched the top awards in their respective categories. This highlights the Group’s diverse strengths and its ability to excel across multiple areas within the financial services sector, demonstrating all-around excellence and operational expertise.
Peter Ashade, Group CEO of United Capital Group expressed his gratitude, saying: “We are deeply honoured to be recognized by our industry peers with these prestigious awards. The recognition of both the Group and our subsidiaries reaffirms our commitment to delivering world-class financial solutions and creating exceptional value for our clients, investors, and shareholders.”
Ashade, who was also recently named one of Nigeria’s top CEOs at the BusinessDay Top CEOs Awards, further emphasized, “This milestone inspires us to continue innovating, pushing boundaries, and setting new benchmarks as we lead the charge in shaping the future of finance in Nigeria and across Africa.”
The 2024 BAFI awards crown what has already been an extraordinary year for United Capital Group. In addition to these prestigious wins, the Group has reached several groundbreaking milestones, including leading the historic issuance of Nigeria’s first-ever Domestic FGN US Dollar Bond, raising over $900 million, and expanding its operations with the launch of its seventh subsidiary, UCEE Microfinance Bank, which is rapidly gaining traction in the industry. Furthermore, the Group’s recently released its Q3 2024 financial performance report revealed exceptional results, boasting a 93% growth in profitability alongside significant improvements across all key financial metrics.
Although the year is drawing to a close, United Capital Group’s momentum shows no signs of slowing. The company remains committed to its mission of becoming Africa’s leading financial services hub, democratizing wealth creation across the continent through innovative financial solutions, strategic investments, and a customer-centric approach.