FCMBAM Receives SEC Approval for Mutual Fund Name Change

FCMB Asset Management Limited, a subsidiary of FCMB Group Plc, announced that it has secured approval from the Securities and Exchange Commission (SEC) to change the name of its mutual fund to "Legaci Mutual Fund." This approval includes a reduction in the minimum subscription unit for the fund, following a successful unitholder meeting where investors voted in favor of the proposed changes. The name change is part of FCMB Asset Management's ongoing brand consolidation efforts to align the company's public face with its products.

James Ilori, the Chief Executive Officer of FCMB Asset Management Limited, stated that this rebranding signals the company's commitment to prioritizing democratic access to professional investment management services, fostering inclusive and sustainable growth in the community.