FCMB Asset Management's Rating Upgraded to A(IM) by Agusto & Co., Reflecting Strong Investment Capabilities

FCMB Asset Management, a subsidiary of FCMB Group Plc., has received an upgrade in its rating to A(IM) by Agusto & Co., a leading pan-African credit rating agency. The upgrade signifies FCMBAM's continuous strengthening of its investment management processes, robust research capabilities, disciplined governance framework, and depth of experience within its decision-making committee.

Jame Ilori, the Chief Executive Officer of FCMB Asset Management, emphasized the importance of the rating upgrade, highlighting the company's commitment to delivering consistent value to clients through strong risk-aware investment outcomes across market cycles. FCMB Asset Management manages various investment schemes and provides discretionary and non-discretionary portfolio management services to clients with diverse investment objectives.