Quest Merchant Bank Limited has formally completed its corporate renaming process after securing all required regulatory and corporate approvals, bringing an end to its operations under the FBNQuest Merchant Bank Limited identity.
The bank disclosed the development in a statement issued on Monday, confirming that it will now operate as Quest Merchant Bank Limited.
The approval clears the final hurdle in the institution’s post-acquisition transition, following the divestment of its former parent’s interest.
The name change comes after FBN Holdings Plc sold its entire equity stake in the merchant bank to EverQuest Acquisition LLP in 2024, marking a clean ownership break from the FBN Group.
With regulatory clearance now obtained, the bank said the rebranding does not alter its legal standing, operational continuity, or business scope.
Quest Merchant Bank confirmed that it remains a fully licensed merchant bank regulated by the Central Bank of Nigeria and the Securities and Exchange Commission, and continues to offer its full range of merchant banking, advisory, and capital markets services to clients.
Commenting on the transition, Afolabi Olorode, Acting Managing Director and Chief Executive Officer of the bank, described the development as a defining moment in the institution’s evolution.
He said the new identity reflects a deliberate strategic repositioning anchored on resilience, performance, and long-term growth ambitions, while maintaining continuity in client service and regulatory engagement.
As part of the transition, the bank is rolling out updates to its branding, communications materials, and digital platforms.
Management noted that some legacy references to the former name may remain visible temporarily across selected touchpoints as the updates are progressively completed.
The bank also assured stakeholders that all existing contracts, client relationships, and obligations entered into under the former name remain fully valid and enforceable, with no disruption to ongoing transactions or engagements.
The completion of the name change formally establishes Quest Merchant Bank Limited as a standalone institution under its new ownership structure, positioning it to pursue its strategic objectives while maintaining regulatory compliance and operational stability in Nigeria’s financial services sector.
