The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Regional investment banking strategies: Locals line up for African growth

Investment banking has the potential to be big business in sub-Saharan Africa. But which banks are setting themselves up for success in the region?

FBN Capital Limited, the investment banking subsidiary of Nigeria’s FBN Holdings, was established in 2006. A period of group restructuring took place in 2009 – brought on by various changes in central bank regulation. These changes laid the foundations for the new FBN Capital, which today is a full-service investment bank and asset manager.

Kayode Akinkugbe-large
  When I think of all the new blood we have hired, most of them jumped at the opportunity to join us

Kayode Akinkugbe

FBN is etching a path to become a leader in the Nigerian and sub-Saharan African investment banking landscape, says Kayode Akinkugbe, the investment bank’s managing director and CEO.

Since 2009 we have undergone major changes at FBN Capital, through the entire fabric of the business. Not only have we developed and integrated additional investment banking services, but we have also brought in new talent. Up to 50% of FBN Capital’s employees have come in over the last three years. This is part of the holding company’s vision – bring in new blood for a new direction,” says Akinkugbe.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?