Coronation Securities Delves Into US Market

Coronation Securities Limited (COSEC), one of Nigeria’s major financial institutions, is expanding its access to the United States, using New York-based broker-dealer, Marco Polo regulatory platform.

The move according to the Securities firm, will give investors access to local exchange-listed securities as well as locally originated private placement and M&A investment opportunities.

Head of Coronation Securities, Uwana Ekpat, said, “Coronation Securities values adherence to regulatory requirements in all markets we have a presence in. In joining the Marco Polo platform we will be able to extend our reach in the US investment community while ensuring compliance with US regulation.”

On his part, Steve Carlson, Chairman of Marco Polo Securities, said, “Global investors have limited access to Africa’s growing capital markets. Nigeria is a major part of Africa’s growth excitement and we welcome the opportunity to add Coronation to our expanding platform of African securities firms. Coronation is one of Nigeria’s premier financial services groups providing local markets execution, debt and equity research, wealth management as well as merchant banking products. We look forward to helping them market these products to an expanding investor base in the US, Europe and Asia.”

Coronation Securities Limited is a wholly-owned subsidiary of the Coronation Merchant Bank Group and a licensed broker-dealer firm regulated by the Securities and Exchange Commission (“SEC”) and the Nigerian Stock Exchange.

Marco Polo Securities Inc. is a US-registered broker-dealer offering global execution, regulatory and distribution capabilities.

The company has relationships with dozens of securities firms throughout Europe, APAC, Africa and the Americas, and enables clients to market their local capabilities and products to international investors.