Zedcrest Appoints Simbiat Bada as New Managing Director of Stockbroking Division
Zedcrest Group, a prominent player in the financial services sector with extensive operations in Asset Management, Investment Banking, Securities, and Financing, has announced the appointment of Simbiat Bada as Managing Director of its Stockbroking division. The decision was approved by the company’s Board and is currently awaiting vetting by the Securities and Exchange Commission (SEC).
This strategic move follows Zedcrest’s acquisition of RMB Nigeria Stockbrokers, which has now been integrated into its expanding portfolio. Bada’s appointment aligns with Zedcrest’s vision to deepen its market capabilities and continue delivering innovative, client-focused solutions that foster growth and bolster its market presence.
Adedayo Amzat CFA, the Group Managing Director of Zedcrest Group, disclosed the news during a media briefing at the company’s Lagos head office. “Bada’s appointment reflects Zedcrest’s commitment to deepening its expertise in securities trading and delivering superior execution, advisory, and wealth creation opportunities for our clients. It also reinforces our ambition to build a best-in-class stockbroking business that is responsive to evolving market dynamics.”
Baba Sanda, FCA, Chairman of the Zedcrest Board, also expressed confidence in the appointment, emphasizing the strategic importance of Bada’s leadership. “We are confident that Simbiat brings the discipline, professionalism, and strategic insight required to strengthen Zedcrest’s position in the equities market,” he stated. “Her leadership will be instrumental in unlocking new opportunities and delivering sustained value for stakeholders.”
Simbiat Bada is a certified investment professional with nearly ten years of experience across securities trading, asset management, sales, and business development. She earned a bachelor’s degree in Economics from the American University of Nigeria, Yola, and a master’s degree in Economics from the University of Lagos. She is a member of the Chartered Institute of Stockbrokers (CIS) and holds a Chartered Accountant qualification from ICAN.
Before joining Zedcrest Securities, Bada held significant roles at Vetiva Securities and WSTC Financial Services Limited, where she utilized her expertise in trading, operations, and wealth management to enhance performance and support growth initiatives.
Zedcrest’s long-term expansion strategy was further reinforced with the acquisition of RMB Nigeria Stockbrokers in 2024, which was subsequently rebranded as Zedcrest Securities. This move expanded its footprint in the equities market, improved trading capabilities, and broadened its service offerings across the capital markets value chain.