Coronation Securities expands US capabilities

New York-based broker-dealer, Marco Polo Securities, has announced that Coronation Securities Limited (COSEC) is expanding its access to investors in the United States of America via the Marco Polo regulatory platform.

COSEC is a major Nigerian financial institution and wholly-owned subsidiary of Coronation Merchant Bank.

Marco Polo, a US-registered broker-dealer, 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.

In turn, the solution gives investors access to local exchange-listed securities, as well as locally originated private placement and Merger & Acquisition investment opportunities.

Head of Coronation Securities, Uwana Ekpat, said in a statement that, “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.”

Chairman of Marco Polo Securities, Steve Carlson, also 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.”