Coronation Merchant Bank Limited (Coronation MB); an emerging merchant banking franchise with industry-leading financial stability indicators, has unveiled its new corporate identity.Far more than just a logo, the new corporate identity has been designed to communicate Coronation MB’s vision (to be Africa’s premier investment bank), ambition and inner strength.
The lion, a core feature in the design, is a widely-recognised symbol of Africa; typifying courage, leadership and intelligence; attributes the bank must demonstrate to achieve its vision and become a respected brand within the African sub-region.
Coronation MB was established to fill the gap in a long-underserved market segment, seeking to address the need for long term capital across key sectors of the economy. The provision of affordable, longer term financing is critical for sustainable economic growth and its absence is one of the key challenges African entrepreneurs and corporations.
Commenting on the new corporate identity, Abubakar Jimoh; Managing Director/CEO, Coronation MB stated: “There is a clear market demand for more sophisticated banking services from Nigeria’s top-tier corporates. Coronation Merchant Bank will focus on bringing world-class advisory services, accompanied by innovative products and services to the sub-region; deepen and broaden economic growth over the next decade, whilst remaining committed to our values of strong governance and transparency.”
Chairman, Coronation Merchant Bank, Babatunde Folawiyo, stated: “The transition to a new brand, with a broader and more strategic focus, is a major milestone for our organization as a full service merchant bank capable of supporting the wider economy, and with a balance sheet to support its ambitions. I would like to thank the founding Chairman, Mr Aigboje Aig-Imoukhuede, for the hard work undertaken to unburden the company from its legacy issues and position it for significant growth over the coming years. We are embarking on an ambitious journey, led by a carefully constituted board and talented/credible management team who are committed to delivering exceptional value to all stakeholders”
Folawiyo leads the Board of Directors incorporating some of Nigeria’s leading business figures, and structured to ensure broad representation from across the Nigerian economy.
The new Coronation MB structure and visual identity is showcased on a new website, also unveiled today www.coronationmb.com
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