CBA Capital, NIC Capital & NIC Securities to Merge.
NIC Securities and NIC Capital Limited, subsidiaries of former NIC Group Plc will be merged with CBA Capital of CBA Group Limited.
This comes after the Merged Unit of CBA & NIC groups started operations as NCBA Group Plc which was effected from 1st October,2019.
NIC Capital will undertake businesses of the merged entity of CBA Capital, NIC Securities and NIC Capital.
On completion of the process, the three companies, both the merged entities investment banking business and the securities brokerage business will be conducted by NIC Capital Limited.