By Prosper Mene
Zedcrest Group, a leading Nigerian financial services institution, has announced the appointment of Simbiat Bada, ACS, ACA, as Managing Director of its stockbroking arm, Zedcrest Securities. The Board-approved appointment, which is subject to regulatory approval by the Securities and Exchange Commission (SEC), strengthens the group’s capital markets capabilities following its 2024 acquisition of RMB Nigeria Stockbrokers.
The announcement was made by Group Managing Director Adedayo Amzat, CFA, during a media parley at the company’s head office in Lagos.
“Bada’s appointment reflects Zedcrest’s commitment to deepening its expertise in securities trading and delivering superior execution, advisory, and wealth creation opportunities for our clients,” Amzat stated. “It also reinforces our ambition to build a best-in-class stockbroking business that is responsive to evolving market dynamics.”
Chairman of the Zedcrest Board, Babatunde Sanda, FCA, expressed strong confidence in the new appointee. “We are confident that Simbiat brings the discipline, professionalism, and strategic insight required to strengthen Zedcrest’s position in the equities market,” he said.
Bada is a seasoned investment professional with nearly a decade of experience spanning securities trading, asset management, sales, and business development. She holds a bachelor’s degree in Economics from the American University of Nigeria, Yola, and a master’s degree in Economics from the University of Lagos. She is a member of the Chartered Institute of Stockbrokers (CIS) and a qualified Chartered Accountant with the Institute of Chartered Accountants of Nigeria (ICAN).
Prior to her new role, Bada held key positions at Vetiva Securities and WSTC Financial Services Limited, where she excelled in trading, operations, and wealth management.
The appointment comes on the heels of Zedcrest’s strategic acquisition of RMB Nigeria Stockbrokers in 2024, which was subsequently rebranded as Zedcrest Securities. This move has significantly expanded the group’s footprint in the Nigerian equities market and enhanced its full-service offerings across the capital markets value chain.
Founded in 2013, Zedcrest Group provides a comprehensive suite of financial solutions including asset management, investment banking, securities, and financing through its subsidiaries: Zedcrest Investment Managers (Zedcrest Wealth), Zedcrest Global Markets, Zedcrest Securities, Zedcrest Capital, and Zedvance Finance.
The development is part of the group’s broader expansion strategy aimed at delivering innovative, client-centric solutions in Nigeria’s dynamic financial landscape.
