Thomson Reuters unveils Refinitiv, awards West Africa customers
As part of its strategy of giving customers the best, Thomson Reuters has launched its new brand identity, renamed its financial and risk business unit, ‘Refinitiv’.
This was disclosed at the West Africa Excellence Awards recently organised in Lagos to appreciate its existing customers who have in no small measure patronised and contributed to the success of the company.
This new brand identity became necessary after the completion of a partnership deal with a consortium of investors led by Blackstone, who now owns 55 percent of the new business.
The stand-alone business which includes the largest multi-dealer forex platform, with a daily average of $400 billion traded on FXall, FX Trading and Matching-was the outcome of a deal whereby Thomson Reuters sold a 55 percent stake in its Financial and Risk business to private equity firm Blackstone.
Tagged the ‘Excellence Awards’, this award, the first of its kind in West Africa, had six (6) categories through which the customers with remarkable imparts and outstanding performances were rewarded.
Described as the ultimate form of recognition of the organisation’s customer excellence, the annual Excellence Awards highlight the great work being done by financial markets participants.
Of the six awards, the Peoples’ Choice Award was given priority because attendees had to vote at the venue of the event. This award was carted by Mr. Ini Ebong of First Bank Nigeria for his respected contributions to the industry.
Others who emerged winners are Bola Onadele Koko, the MD/CEO, FMDQ Securities Exchange who also received two (2) awards-The Best Partner Award and the Innovation awards for embracing disruption with new ideas; Mrs. Ibukun Oyedeji of Ecobank who got the Most Impactful Business Award, and Mr. Jacob Brobbey of the Barclays Bank of Ghana who clinchéd the Embracing Technology award.
Managing Director for Africa, Thomson Reuters’ Refinitiv, Sneha Shah, said: “We are very excited to be bringing the Excellence Awards for the first time in West Africa.
What is going to drive the success and growth of our economy is committed individuals and companies that are contributing to strong and stable financial systems and institutions.
The inaugural 2018 West Africa Excellence Awards will recognize and highlight the great work of individuals and companies who amongst many outstanding nominees were selected, by the independent judges, as the ones producing the most impact for West Africa’s financial markets.”
Speaking at the event, the Deputy Governor, Economic Policy, Central Bank of Nigeria, Dr. Okwu Joseph Nnanna, represented by Dr. Alvan Ikoku x-rayed Refinitiv supportiveness to CBN, and to the Nigerian Capital Market.
“Thomson Reuters Refinitiv has been a dependable partner of the Central Bank of Nigeria (CBN) and other financial institutions within West Africa sub-region in developing support for financial products and information.
In 1999, when the CBN introduced inter-bank foreign exchange system of trading (FEM 2 Way Quote Trading System), Refinitiv rose to the challenge of installing trading terminals and training dealing room staff across,
the banking industry to actualize the operation of the new system. This support to the industry is still been sustained till date, and even at a faster and more efficient level,” he stated.
