Dear Esteemed Clients,
2022 was undoubtedly, a very difficult year globally and in Nigeria due to several factors not limited to the Russia vs Ukraine war and its ripple effect on the supply chain across various sectors and the cost push inflation experienced locally and globally which thinned out the earnings of the average household. Despite these identified challenges households, communities, businesses and countries continued to deploy innovative ways to overcome these obstacles and Norrenberger was not left out, we experienced great accomplishments in 2022.
Leveraging technology, innovation and adaptation, we have seen many of our customers grow their wealth from traditional face-to-face operations to fully digital experiences. We are proud to have enabled this transformation through the launch of our digital investment platform that gives you unlimited access to your accounts and allows you conveniently perform over 90% of your transactions online in real-time.
In May 2022, we launched the Norrenberger Emerging Talent Programme (NETP), an intensive program designed to groom young talents seeking to grow a career in the Financial Services sector, the first of its kind in the region. The programme combines theoretical insights and a hands-on approach, where graduates are provided an avenue to gain dynamic exposure and be mentored by some of the best professionals in the industry.
We also completed two landmark acquisitions, welcoming new colleagues from former IEI Anchor Pensions (now Norrenberger Pension Limited) and IEI Insurance Plc to the Norrenberger Group. Thus, expanding our service offerings beyond Asset Management, Investment Banking/Advisory and Securities Trading to include Insurance and Pension Fund Administration.
The rebranding of IEI Anchor Pensions in 2022 significantly upscaled our market presence, while our immediate response to backlog of claims of the Insurance entity expanded our capability on the journey to become a top-10 integrated non-bank financial services provider in Nigeria while building a global brand into the future.
We didn’t stop there, we partnered with Bodyline Fitness & Gym, a leading Fitness outfit in Nigeria to host its third annual event – the largest gathering of fitness enthusiasts and dignitaries. The event which held, at Central Park, Abuja, brought together over 1,500 participants and close to 3,000 registrants to one location for a premium fitness and fun experience, with an opportunity to network with the broader fitness community and financial advisors in line with its theme “Family, Fitness and Fun!’’ thus, enshrining our belief that health is wealth.
In our bid to expand our service offerings in response to the demand of our customers we launched the Norrenberger Heritage Service, designed to preserve the assets of deceased relatives in the Nigerian Capital Market and the Norrenberger Dollar Fund, designed to hedge investors wealth against the devaluating effect of the naira.
We can proudly say that the year 2022 had several silver linings for us as a business because we saw a 103% growth in total asset under management and 51% growth in customer count. Our mutual funds also grew by circa 199% and were top 5 performing in their respective categories.
To expand our reach in 2023, we are set to open our Lagos, Port Harcourt, and London offices.
I want to specially thank you our esteemed customer for your continuous support and loyalty as 2023 presents great opportunities to serve you even better. I strongly believe that our future will be greater than our past.
I would also like to take this opportunity to wish you a very HAPPY NEW YEAR.
Thank you for choosing Norrenberger as your growth partner.
