Zedcrest Group has announced the appointment of Simbiat Bada as Managing Director of its stockbroking division, in a strategic move aimed at expanding its footprint in Nigeria’s capital market.
The appointment, approved by the company’s board, is subject to regulatory clearance by the Securities and Exchange Commission.
Brandspur Banking News Desk reports that the leadership change follows Zedcrest’s acquisition of RMB Nigeria Stockbrokers, which has since been integrated into its operations as part of efforts to strengthen its equities trading and investment services.
Group Managing Director, Adedayo Amzat, said the appointment reflects the firm’s commitment to building a robust stockbroking platform capable of delivering enhanced execution, advisory services, and wealth creation opportunities for clients.
He noted that the move aligns with Zedcrest’s long-term vision of establishing a competitive and responsive business that can adapt to evolving market dynamics while maintaining high service standards.
Chairman of the board, Baba Sanda, also expressed confidence in Bada’s leadership, describing her as a seasoned professional with the expertise required to drive growth and unlock new opportunities within the equities market.
Bada brings nearly a decade of experience in securities trading, asset management, and business development. She holds degrees in Economics from the American University of Nigeria and the University of Lagos, and is a member of the Chartered Institute of Stockbrokers as well as a certified accountant under ICAN.
Prior to her appointment, she held key roles at Vetiva Securities and WSTC Financial Services, where she contributed to trading operations, client portfolio growth, and strategic business initiatives.
Zedcrest’s expansion strategy has been bolstered by its 2024 acquisition of RMB Nigeria Stockbrokers, a move that enhanced its trading capabilities and broadened its service offerings across the capital market value chain.
