Nigeria’s first inter-dealer broker, Parthian Partners, has said the wholesale brokerage industry has huge potential.
Parthian Partners’ Chief Executive Officer Oluseye Olusoga spoke at an event in Lagos to mark it’s 10th anniversary
The event featured prominent industry personalities, celebrities, staff and management of the organisation, and stakeholders, including clients, friends and well-wishers.
Olusoga said the company had contributed to bridging the gap in both wholesale and retail financial sectors.
He said: “The wholesale brokerage industry has huge potential, though when we decided to set up the first-ever inter-dealer brokerage business in Nigeria, there was no regulatory framework, the industry didn’t even exist.
“Now, there are so many other businesses in Nigeria doing what we do. We are happy we have pioneered a bourgeoning industry that improves liquidity, financial integration, transparency and efficiency in the African OTC and fixed income market.”
Chairman of Parthian Group Adedotun Sulaiman, commenting on the firm’s early beginnings and achievements, said: “Today, we are celebrating all those who contributed to the success of Parthian and the industry. For us, success was achievable because we had a vision of what we wanted, and we were focused on making it work.
Parthian Partners became an interdealer broker in Nigeria at a time when the concept was alien to the region, so we had to build from scratch.
“It was no mean feat to introduce this vision and work with regulators and develop a framework for its regulation and operations. A vision which birthed not only a successful business but also a thriving sector. As we celebrate Parthian’s 10th anniversary, it is an appropriate time for us, as pioneers of this great company, to reflect on our phenomenal achievements and to commit ourselves to build a legacy for the future generations.”
The Parthian 10th Anniversary Gala featured a performance from Wande Coal and a rendition from Esther who is the recent winner of The Voice Nigeria. The black-tie gala also featured a black carpet which was graced by celebrities, captains of industry and other dignitaries