Coronation Group Limited, a leading African financial services holding company, has obtained a Capital Market Holding Company (CMHC) licence from the Securities and Exchange Commission (SEC).
The group said in a statement that the regulatory recognition represents a significant milestone in the group’s mission to democratise access to wealth creation for Africans, harnessing the power of ecosystems.
Coronation Group Limited subsidiary-companies include Coronation Capital Limited, Coronation Asset Management Limited, Coronation Securities Limited, Coronation Trustees Limited, Coronation Registrars Limited, Coronation Technology Limited, and Trium Limited.
The group said it is also affiliated with companies such as Coronation Insurance Plc., Coronation Life Assurance Limited, Coronation Insurance Ghana Limited, and Coronation Merchant Bank Limited.
Coronation Group maintains strategic investments in leading players in the technology and energy sectors.
It said working in close collaboration with Founder and Chairman Aigboje Aig-Imoukhuede, the Group Managing Director and Chief Executive Officer, Wole Onasanya, would oversee the strategic priorities of Coronation’s ecosystem, the statement said.
“These priorities include building digital platforms, establishing strategic partnerships for exponential growth, and maximizing shareholder returns,” it added
The Coronation Group chairman, Aig-Imoukhuede, said, “This transition marks our first five years of orchestrating the Coronation Group ecosystem. We established Coronation with the objective of democratizing access to investment, lending, and insurance, empowering individuals to achieve financial independence and build enduring legacies. We are excited about the future and our role as a key driver of growth in Africa.”
In his remarks, Onasanya was quoted as saying, “Our primary objective is to make wealth creation accessible to all Africans. Coronation Group is well-positioned to offer integrated financial services backed by exceptional talent, all accessible through cutting-edge technology platforms. We are dedicated to being trusted partners on our clients’ journeys to prosperity, helping them achieve outcomes that go beyond financial returns.”
Highlighting the benefits Coronation Group delivers to its clients, Aigboje Aig-Imoukhuede further added, “Our culture of innovation and excellence drives us to deliver world-class experiences to our clients. By delivering transformational solutions at scale, we are strategically positioned to address several of Africa’s unique challenges.”
