FCMB Asset Management Limited (FCMBAM), the Asset Management arm of FCMB Group Plc, has received an upgrade in its Investment Manager rating from A-(IM) to A(IM) by Agusto & Co., one of Africa’s leading credit rating agencies.
Agusto & Co. said the improved rating reflects FCMBAM’s strengthened investment management processes, strong research capabilities, disciplined governance structure, and the deep expertise within its investment decision-making committees.
The agency also noted the firm’s solid institutional backing as a subsidiary of FCMB Group, one of Nigeria’s foremost financial services conglomerates.
Reacting to the development, the Chief Executive Officer of FCMB Asset Management Limited, James Ilori, described the upgrade as an important endorsement of the company’s professionalism and investment approach.
“This upgrade to an A(IM) rating is an important validation of the discipline, transparency, and professionalism that underpin our investment philosophy. It reflects the trust our clients and stakeholders place in us, as well as our continued focus on delivering strong, risk-aware investment outcomes across market cycles.
We remain committed to operating at international standards and creating consistent value for our clients,” Ilori said.
FCMBAM manages a diversified suite of Collective Investment Schemes, including the Legacy Money Market Fund, Legacy Debt Fund, Legacy Equity Fund, Legacy USD Bond Fund, and the FCMB-TLG Private Debt Fund.
The firm also offers discretionary and non-discretionary portfolio management services to clients with diverse investment goals.
The company reaffirmed its commitment to delivering globally aligned asset management solutions focused on capital preservation, income generation, and long-term wealth creation, while upholding strong risk management and corporate governance standards.
Established in 1997, FCMB Asset Management Limited is licensed by the Securities and Exchange Commission (SEC) and operates within the broader FCMB Group, which offers services across banking, consumer finance, pensions, trusteeship, investment banking, and other financial sectors.