London, 28 November 2023 — Bloomberg announced today that FirstBank UK Limited
(FirstBank UK), the UK subsidiary of First Bank Nigeria Limited, the premier West African bank,
has adopted Bloomberg’s Trade Order Management System (TOMS). By integrating TOMS into
its workflow, FirstBank UK will have access to a comprehensive suite of data and analytics,
communications, as well as order and execution management solutions, enabling it to
streamline its fixed income bonds business.
FirstBank UK is a niche market-maker to its customers in Africa. The business provides market
liquidity in cash bonds, primarily in Nigerian, Angolan, Egyptian and Ghanaian Eurobonds to
manage risk and optimize its inventory. Thanks to Bloomberg’s coverage, TOMS enables the
trading desk of FirstBank UK to support its client base and to monitor its positions, profit and
loss (P&L) and Risks.
“By integrating with our existing systems, Bloomberg TOMS provides FirstBank UK with a
complete end-to-end trading workflow covering African bonds in most of our home markets,”
said Olukorede Adenowo, CEO-designate at FirstBank UK.“ The solution enables us to focus on
expanding our footprint in the African Fixed Income landscape and deliver a first-in-kind service
to our customers in Africa.”
“We are pleased to help FirstBank UK enhance operational efficiency across its enterprise with
our award-winning sell-side order management solution TOMS,” said Lisa Bravo, Global Head
of Sell-Side OMS at Bloomberg. “TOMS empowers firms to create a seamless workflow from
their front and middle-office, through to their operations and enterprise applications, while
concurrently delivering their front office users with real-time execution, risk and P&L analytics.”
FirstBank UK has further digitized its order management workflow by offering clients access to
liquidity on its own Eurobond Single-Dealer Platform. The application has been integrated with
Bloomberg TOMS to centralize both order handling and aggregated custom analytics and
liquidity tools within a single interface, to be hosted and connected to multiple trading venues.
“The integration of TOMS with our custom-built electronic trading platform, allows our customers
real-time access to liquidity in our markets, something unique to the majority of our customers,”
said Robert Hagenaars, Head of Markets at FirstBank UK.
For additional information about Bloomberg’s sell-side solutions, please click here.
About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data,
news, and insights that bring transparency, efficiency, and fairness to markets. The company
helps connect influential communities across the global financial ecosystem via reliable
technology solutions that enable our customers to make more informed decisions and foster
better collaboration. For more information, visit Bloomberg.com/company or request a demo.
About FirstBank UK Limited
FirstBank UK is the international banking arm of First Bank of Nigeria Limited, the premier West
Africa financial institution. As a full-service bank, FirstBank UK offers capital markets, corporate,
institutional, and private banking services to promote investment and trade in Africa. FirstBank
UK is a licensed bank in the United Kingdom authorised by the Prudential Regulation Authority
(PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. For more
information, please visit www.fbnbank.co.uk.
About First Bank of Nigeria Limited
First Bank of Nigeria Limited “FirstBank”, established in 1894, is the premier bank in West Africa
and one of the leading financial inclusion service providers in Africa.
With over 750 business locations and over 215,538 Banking Agents spread across 99% of the
774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail
and corporate financial services to serve its over 42 million customers. The Bank has an
international presence with subsidiaries operating in 9 other countries. These subsidiaries are
FirstBank (UK) Limited in London and Paris, FirstBank in The Gambia, FirstBank in Sierra-
Leone, FirstBank in the Republic of Congo, FirstBank in Guinea, FBNBank in Ghana, FBNBank
in Senegal as well as a Representative Office in Beijing, China. The Bank is at the forefront of
promoting digital banking in the country and has issued over 12 million cards, the first bank to
achieve such a milestone.
For more information, please visit www.firstbanknigeria.com.
Bloomberg Media Contact:
US, Natanae Williams, nwilliams143@bloomberg.net, +1 646 324 3149
EMEA, Anna Schoeffler, aschoeffler1@bloomberg.net, +33 1 5365 3215
FirstBank Group Media Contact: Folake Ani-Mumuney, Group Head, Marketing & Corporate
Communications, FirstBank Nigeria, Folake.Ani-Mumuney@firstbanknigeria.com; +234 802 533
9102
Robert Hagenaars, Head of Markets, FirstBank UK, r.hagenaars@fbnbank.co.uk, +44 203 59
511 52
