Stonex Group pays courtesy visit to NGX
The Nigerian Exchange is hosting Philip Smith, Chief Executive for Europe, Middle East and Africa of StoneX Group as part of a courtesy visit and interactions with the Nigerian Capital market. He joins CNBC Africa for more on the intent of today’s meetings.
Wed, 17 May 2023 14:40:58 GMT
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AI Generated Summary
- StoneX Group reaffirms commitment to Africa through NGX courtesy visit and interactions with Nigerian capital market.
- Philip Smith highlights the firm's longstanding presence in Africa, strategic focus on Lagos market, and recent acquisitions.
- Focus on equipping clients for success in global markets by providing access to diverse markets, liquidity pools, and comprehensive services.
StoneX Group, a global financial services firm, has reaffirmed its commitment to expanding its presence in Africa through a courtesy visit to the Nigerian Exchange Group (NGX). Philip Smith, Chief Executive for Europe, Middle East, and Africa at StoneX Group, recently participated in interactions with the Nigerian capital market during his visit. Smith highlighted the significance of the visit, emphasizing the company's long-standing presence in Africa and its strategic focus on the vibrant market in Lagos. The visit included a ceremonial closing bell-ringing at the NGX, symbolizing StoneX Group's dedication to further enhancing its operations in the region. Smith discussed the firm's trajectory in Africa, citing key acquisitions and a growing product portfolio as indicators of its commitment to the continent. StoneX Group's role as a facilitator for global market access was a focal point of the discussion, with Smith underscoring the importance of providing clients with access to diverse markets and liquidity pools worldwide. The firm's approach to equipping clients for success in today's dynamic global markets involves maintaining a comprehensive global presence and offering a wide range of services to cater to various client profiles. Despite challenges posed by the COVID-19 pandemic, Smith expressed optimism about StoneX Group's continued global expansion and its resilience in navigating the post-pandemic landscape. Looking ahead, the firm's priority lies in normalizing operations and solidifying its growth trajectory, with a strategic focus on sustaining momentum in key regions like Africa. Smith's insights during the interview shed light on StoneX Group's strategic priorities and its ongoing commitment to driving growth and innovation in the financial services sector.
