United Capital Plc, the Lagos-based investment banking and financial services group, has established its first operational foothold in Francophone West Africa with the launch of a new subsidiary in Abidjan, Côte d’Ivoire.
The unit, United Capital Asset Management West Africa Limited (UCAMWAL), will serve as a regional hub for the company’s expansion into the eight-member West African Economic and Monetary Union (WAEMU).
The firm secured regulatory approval from the AMF-UMOA, the financial markets authority overseeing the WAEMU region, to provide asset management services including portfolio management, mutual funds, and financial advisory.