Parthian commemorates 10 years interdealer brokerage

Parthian Partners, a Nigerian based top brokerage firm, says it is impressed with its 10 years of greatly contributing to bridge the gap in both wholesale and retail financial sector in the country.

The Chief Executive Officer of Parthian Partners Ltd, Mr Oluseye Olusoga, made the assertion in his address at an event to celebrate the company’s 10th year anniversary in Lagos on Saturday, a statement on Tuesday said.

It said the grand glittering anniversary celebration was themed: “A Night of Golden Stars” and awards were presented to personalities who had contributed greatly to the growth and success of the company in the past decade.

According to Olusoga, Parthian Partners Limited is Nigeria’s first inter-dealer broker, serving both buy-side and sell-side wholesale market participants.

He said the company also provided liquidity by showing prices on all off-the-run FGN bonds, State and corporate bonds, Treasury Bills, Promissory notes, and Euro bonds.

“ Parthian Partners is the first Inter-Dealer Broker in Nigeria to successfully issue and redeem a 20 Billion (NGN) Commercial Paper on the Financial Markets Dealers Quotations (FMDQ) Exchange.

“The wholesale brokerage industry is one with huge potential. But when we decided to set up the first ever interdealer brokerage business in Nigeria, there was no regulatory framework and the industry didn’t even exist.

“ Now, there are so many other businesses in Nigeria which do what we do.

“Therefore, we are happy to have pioneered a burgeoning industry that improves liquidity, financial integration, transparency and efficiency in the African OTC and fixed income market,’’ he said quoted as saying.

The CEO expressed his appreciation to distinguished personalities who contributed to the growth and success of the company.

Also, the Chairman of Parthian Partners, Mr Adedotun Sulaiman (MFR), in his address, encouraged members to be more committed to the future of the firm.

“As we celebrate Parthian’s 10th anniversary, it is an appropriate time for us, the pioneers of this great company, to reflect on our phenomenal achievements and to commit ourselves to building a legacy for the future generations.

“The Parthian story started 10 years ago when the Founder, Seye Olusoga shared with my age long friend, Adebayo Adeola and myself, his vision to start an interdealer brokerage business in Nigeria.

“To provide a platform for market players to unanimously trade large volumes of fixed income securities”, he said.

According to Sulaiman, Parthian Partners, which was established in 2012, remains Nigeria’s premier traditional inter-dealer brokerage firm with a wide range of clientele.

He said that the clientele cuts across local and foreign banking institutions, assets managers, insurance companies, pension fund administrators, corporates bodies and development organisations.

Sulaiman described the company as a well-established institution with a strong innovative spirit, which maintained service standards on the scale of an efficient enterprise.

“ Parthian Partners prides itself as the leading firm in fixed income and structured finance and equities and financial integration services in the industry.

“It leverages technology to provide services to its clientele to enable financial growth at all levels.

“However, it was no mean feat to introduce the company’s vision and to work with regulators to develop a framework for its regulation and operations, a vision which he said birthed not only a successful business, but also a thriving sector.

“I recall the efforts that were required to set up the business at a time when interdealer brokerage was alien to the region.

“We started to build from scratch and worked our way to become the first interdealer broker in sub-Saharan Africa’’.

He   said that while Parthian Partners had continued to improve services and impact lives across the country, the firm was bent on changing the narrative for Nigerians through access to cash and ease of transactions.

He emphasised the company’s commitment to retaining its core values and vision from inception 10 years ago to continue to innovate and to satisfy its clientele.

“Our first commitment is to retain the Parthian’s DNA and embrace our ‘DIETS’, which is an acronym of ‘Dedication’, ‘Integrity’, ‘Excellence’, ‘Teamwork’ and ‘Service’, just as we envisioned 10 years ago.

“For Parthian, this means committing ourselves to go the extra mile to ensure that the interests of all stakeholders are duly satisfied.

“To never compromise on ethical standards, to seek to exceed expectations, to work together to achieve our common objectives and to leverage strong relationships, technology, and intelligence to deliver superior service to our clientele.

“Our second commitment is to build to last. We are building a business that will stand the test of time and become a legacy.

“The future is very bright. I see huge prospects for Parthian and there are many things we are working on presently to solidify this,’’ Sulaiman added.

He thanked all the Parthian’s stakeholders, partners, Board of Directors, management staff and valued clients who contributed to  Parthian’s enviable position in the financial marketplace.