FBNQuest Merchant Bank adjusts to new name, Quest Merchant Bank
By Elegbede Abiodun
Afolabi Olorode
FBNQuest Merchant Bank Limited has made known the completion of the process of its change of name and will now operate as Quest Merchant Bank Limited, following the receipt of all required corporate and regulatory approvals.
This was disclosed in a statement released by the firm on Monday.
The FBN Holdings Plc announced the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP in 2024.
With the receipt of regulatory approval for the name change, the company said that the development does not affect the bank’s legal or going-concern status, management, or the nature of its business.
“Quest Merchant Bank Limited remains a duly licensed merchant bank, regulated by the Central Bank of Nigeria and the Securities and Exchange Commission, and continues to deliver its full suite of merchant banking, advisory, and capital markets services to clients,” read part of the statement.
Commenting on the development, the Acting Managing Director/Chief Executive Officer, Afolabi Olorode, said, “This name change represents a pivotal milestone in the rich history of the bank and a deliberate strategic repositioning that reflects our resilience, strong track record, and long-term growth ambitions. While our name has evolved, our commitment to our clients, stakeholders, and regulators remains unwavering.”
As part of the transition, the bank is updating its branding, communications, and digital platforms to reflect the new name. During this period, some legacy references may remain visible across select touchpoints as updates are progressively completed. All existing contracts, client relationships, and obligations of the bank remain valid, binding, and fully enforceable following the name change.
