FCMB Asset Management Ltd. (FCMBAM), the Asset Management arm of FCMB Group Plc, has been assigned an Investment Manager rating of BBB+(IM) by Agusto & Co., a foremost pan-African rating agency. FCMB Group Plc is one of Nigeria’s leading financial institutions.
According to Agusto & Co.; “The rating reflects the
Manager’s well-established process for generating good quality research,
experienced & qualified decision-making committees, member of an
established financial services group with an operational track of over 30
years”.
The firm was established in 1997 to provide portfolio
management and investment advisory services to individual and institutional
investors, globally. The company is a wholly-owned subsidiary of CSL
Stockbrokers Limited, a member of FCMB Group Plc.
Speaking on the firm’s new credit rating, the Chief
Executive Officer of FCMBAM, Mr. James Ilori, said:
“The company rating assigned to FCMBAM by Agusto & Co is
another demonstration of our commitment to running a professional and
transparent organisation. We remain focused on providing international standard
fund management solutions that cut across asset classes, markets, and
currencies. We thank our stakeholders for trusting us to meet and exceed
expectations and restate our commitment to creating value for all”.
FCMB Asset Management Limited currently manages four mutual
funds – Legacy Money Market Fund, Legacy Debt Fund, Legacy Equity Fund and
Legacy USD Bond Fund.
In addition to the four collective investment schemes, FCMB
Asset Management offers clients discretionary and non-discretionary portfolio
services, as well as execution-only mandates.
FCMB Asset Management Limited prioritises the delivery of
international standard investment management services, aimed at meeting
investors’ investment goals, in terms of capital preservation,
income-generation, and capital appreciation.