FBNQuest Merchant Bank Limited has announced the successful completion of its change of name and will now operate as Quest Merchant Bank Limited following the receipt of all required corporate and regulatory approvals. The development was disclosed in a statement released by the bank on Monday.
The name change follows the acquisition of the bank by EverQuest Acquisition LLP after FBN Holdings Plc sold its one hundred percent equity stake in FBNQuest Merchant Bank Limited in 2024. With regulatory consent now secured the bank stated that the transition does not affect its legal status management structure or the nature of its operations.
According to the statement Quest Merchant Bank Limited remains a duly licensed merchant bank regulated by the Central Bank of Nigeria and the Securities and Exchange Commission. The bank continues to provide its full range of merchant banking advisory and capital market services to its clients without disruption.
Commenting on the development the Acting Managing Director and Chief Executive Officer Afolabi Olorode described the name change as a major milestone in the institution’s history. He explained that the new identity reflects a strategic repositioning anchored on resilience a strong performance record and long term growth ambitions. He added that while the bank’s name has evolved its commitment to clients stakeholders and regulators remains unchanged.
As part of the transition process the bank is updating its branding communication materials and digital platforms to align with the new name. The bank noted that some legacy references to the former name may still appear across certain platforms during the transition period as updates are gradually completed.
The statement further assured clients and partners that all existing contracts relationships and obligations entered into under the former name remain valid binding and fully enforceable. The bank emphasised that the rebranding exercise is designed to strengthen its market position and support its future growth strategy while maintaining service excellence.
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