By Chidiebere Ugwu
Norrenberger, an industry leading, integrated financial services Group, at the weekend clinched two prestigious awards including the coveted Deal of the Year (acquisition of The Infrastructure Bank) and Innovative Fund Managers of the Year accolades at the 2023 Banking and Finance International (BAFI) Awards organised by Business Day.
The management of in a statement stated that it was first listed as a nominee in the keenly contested categories that featured strong competitors jostling for the number one spot as “Deal of the Year” and “Innovative Fund Manager of the Year.
It noted that Norrenberger’s win of the awards is a well-deserved recognition of its outstanding achievements, innovative practices and contributions to the financial services industry, and the Nigerian economy.
The BAFI Awards, organized annually to recognize and celebrate outstanding achievements in the finance industry, have established themselves as a symbol of excellence, integrity, and innovation. This year, Norrenberger’s remarkable accomplishments have earned the Group the spotlight in not one, but two categories.
The “Deal of the Year” award recognises Norrenberger’s acquisition of The Infrastructure Bank with a 60 percent controlling equity stake, which has had a significant impact on the financial landscape as one of the first PPP acquisition in recent times. The Group’s commitment to delivering exceptional value to its clients, coupled with its ability to structure and execute complex deals, set it apart as the undisputed winner in this category.
In addition to the “Deal of the Year” award, Norrenberger was also named “Innovative Fund Manager of the Year.” This recognition underscores the company’s continuous pursuit of innovation and excellence in the fund management space.
Speaking on the occasion, Tony Edeh, Group Managing Director/Chief Executive of Norrenberger, expressed gratitude for the prestigious awards, saying “We are truly honoured to receive the ‘Deal of the Year’ and ‘Innovative Fund Managers of the Year’ awards from BAFI. These accolades are evidence of our team’s hard work, dedication, and innovative spirit. At Norrenberger, we are constantly striving to exceed expectations and set new industry standards. We remain committed to providing our clients with world-class financial solutions.”
Norrenberger’s innovative strategies, prudent risk management, and unswerving determination to maximizing returns on investments for its customers have cemented its position as a trailblazer in the financial services industry. These unique capabilities have crystallised improvements in its industry ratings – as its ratings were recently upgraded to ‘BBB(IM)’ and ‘A-’ by Agusto & Co Limited and Data Pro Limited, respectively. Speaking on this growth, Pabina Yinkere, representing the Business Head, Asset Management said ‘’there is an undeniable and indefatigable commitment on our path as fund managers to ensure that we remain an asset management company par excellence in our unique offerings to our customers.
These awards come right after the Group celebrated a prestigious 5th year anniversary – A half decade of transforming lives and supporting Nigerians through sustainable wealth creation. During the anniversary celebrations, Norrenberger launched its corporate responsibility and sustainability-impact focused fund of over N500m targeting young entrepreneurs. The Group also hosted an elegant gala night with customers, partners, industry players and staff to celebrate its numerous milestones.
Norrenberger’s success in securing these two accolades demonstrates its commitment to excellence and innovation in the financial services industry. The company’s strong track record, client-centric approach, and forward-thinking strategies have propelled it to the forefront of the industry.
Founded in 2017, Norrenberger is a financial services group that provides bespoke financial solutions that add value to our individual and institutional clients. With a team of experienced professionals, Norrenberger offers a comprehensive range of services, including asset management, private equity, development finance, investment banking, insurance, pensions, securities trading, fintech and digital banking. We are guided by our mission to positively unlock the opportunities in society for our clients and stakeholders. By 2025, we hope to have delivered at least one financial solution to every household.
Our component companies are licensed, authorised, and regulated by either the Securities & Exchange Commission (SEC), Central Bank of Nigeria (CBN), Nigerian Exchange Limited (NGX), National Pension Commission (PenCom) or National Insurance Commission (NAICOM).
