Subsidiaries

Fema Securities Limited (FSL)

Fema Securities Limited is a professional investment banking firm, wholly owned by Fema Bank. The firm started operating under the FSL name in January 2011, after a merger between the Corporate Finance department of Fema Bank Benin Limited and Fema Asset Management Limited (FAMAL), which operated as a first class asset management firm from 2006.

FSL is licensed and regulated by the Securities and Exchange Commission of Benin, and also licensed by the National Pensions Regulatory Authority as one of the few Pension Fund Managers operating in the country. FSL’s business involves providing advisory services, issuing of securities, raising of capital and undertaking portfolio investment management for clients.

 

Fema Asia Bank Limited (FABL)

Fema Asia Bank Limited was established in July 2012 as a wholly owned Asian subsidiary in Malaysia. FABL carries on the business of offshore banking.