FIRSTHOLDC · First HoldCo Plc

Description

First Holdco Plc engages in the provision of commercial banking and financial services. It operates through the following segments: Commercial Banking Business Group, Merchant Banking and Asset Management Business Group (MBAM), and Others. The Commercial Banking Business Group segment offers both individual and corporate clients and customers with financial intermediation services. The Merchant Banking and Asset Management Business Group (MBAM) segment provides advisory, asset management, markets, and private equity services to institutional, corporations, and government's clients. The Insurance Business Group segment includes the group's legacy insurance brokerage business and the more recent full underwriting business. The Other segment represents FBN Holdings Plc., the parent company, and Rainbow Town Development Limited. The company was founded by Alfred Lewis Jones on March 31, 1894 and is headquartered in Lagos, Nigeria.