Greenwich Merchant Bank (GMB) has been named the best-compliant member by FMDQ Group PLC, reflecting its strong adherence to regulatory standards in Nigeria’s fixed-income, currency, and derivatives markets.
The recognition, announced at the 2025 FMDQ Gold Awards on Wednesday, comes amid growing scrutiny of market participants in Nigeria’s capital markets, where lapses in compliance can undermine investor confidence and market stability.
FMDQ said GMB distinguished itself during the 2025 review cycle, citing “exceptional compliance performance and minimal infractions,” which contributed to stability and transparency in the financial ecosystem.
Nkiru Umeh, FMDQ’s group head of Marketing, said the award “celebrates institutions that continue to promote transparency, discipline, and stability” and described GMB as “a model for other market participants.”
For GMB, the award underscores a sustained focus on governance and operational discipline. Managing director and CEO Benson Ogundeji said the recognition reflects the bank’s efforts across compliance, trade operations, and risk management teams. “This award is a testament to the collective effort of our teams and the disciplined culture we continue to strengthen,” he said.
Tayo Lawal, head of Compliance, added that the accolade validates the bank’s investment in internal controls and regulatory engagement, highlighting the importance of robust processes in maintaining market integrity.
Industry observers say the recognition could enhance GMB’s standing among investors and counterparties, signaling reliability in a market where transparency and adherence to rules are increasingly critical.
With the award, Greenwich Merchant Bank strengthens its position as a trusted player in Nigeria’s financial markets, demonstrating that disciplined compliance can also serve as a competitive differentiator in the country’s growing capital markets.