An integrated financial services group, Norrenberger has been bestowed with two prestigious awards at the 2023 Banking and Finance International (BAFI) awards organised by Business Day.
The firm received the Deal of the Year (acquisition of The Infrastructure Bank) and Innovative Fund Managers of the Year accolades.
Listed as a nominee in the contested categories that featured strong competitors jostling for the number one spot as “Deal of the Year” and “Innovative Fund Manager of the Year, Norrenberger said its win of the awards is a well-deserved recognition of its outstanding achievements, innovative practices and contributions to the financial services industry, and the Nigerian economy.
The BAFI awards are organised annually to recognize and celebrate outstanding achievements in the finance industry. Winners at the award ceremony said the awards have established themselves as a symbol of excellence, integrity, and innovation.
The “Deal of the Year” award recognises Norrenberger’s acquisition of The Infrastructure Bank with a 60 per cent controlling equity stake, which has had a significant impact on the financial landscape as one of the first PPP acquisitions in recent times.
“The group’s commitment to delivering exceptional value to its clients, coupled with its ability to structure and execute complex deals, set it apart as the undisputed winner in this category,” the firm said in a statement that was issued yesterday.
Norrenberger said its declaration as the preferred winner of the “Deal of the Year” award, underscores the company’s continuous pursuit of innovation and excellence in the fund management space.
Speaking at the occasion, group managing director/chief executive of Norrenberger, Tony Edeh expressed gratitude for what he called prestigious awards, saying “We are truly honoured to receive the ‘Deal of the Year’ and ‘Innovative Fund Managers of the Year’ awards from BAFI. These accolades are evidence of our team’s hard work, dedication, and innovative spirit. At Norrenberger, we are constantly striving to exceed expectations and set new industry standards. We remain committed to providing our clients with world-class financial solutions.
“Norrenberger’s innovative strategies, prudent risk management, and unswerving determination to maximise returns on investments for its customers have cemented its position as a trailblazer in the financial services industry. These unique capabilities have crystallised improvements in its industry ratings – as its ratings were recently upgraded to ‘BBB(IM)’ and ‘A-’ by Agusto & Co Limited and Data Pro Limited, respectively.
Representing the Business head, asset management of the company, Pabina Yinkere
said ‘’there is an undeniable and indefatigable commitment on our path as fund managers to ensure that we remain an asset management company par excellence in our unique offerings to our customers.
The awards come right after the group celebrated its 5th year anniversary, which it described as a half decade of transforming lives and supporting Nigerians through sustainable wealth creation. During the anniversary celebrations, Norrenberger launched its corporate responsibility and sustainability-impact focused fund of over N500 million targeting young entrepreneurs. The Group also hosted an elegant gala night with customers, partners, industry players and staff to celebrate its numerous milestones.
