FCMB Asset Management’s Rating Upgraded to A(IM) by Agusto & Co.

Kayode Tokede

FCMB Asset Management Limited (FCMBAM), the Asset Management arm of FCMB Group Plc, has received a rating upgrade, from A-(IM) to A(IM) Investment Manager rating, from Agusto & Co., a leading pan-African credit rating agency.

The rating upgrade reflects FCMBAM’s continued strengthening of its investment management processes, robust research capability, disciplined governance framework, and the depth of experience within its decision-making committees. It also underscores the company’s strong institutional backing as part of the FCMB Group, one of Nigeria’s foremost financial services groups.

Commenting on the rating upgrade, the Chief Executive Officer of FCMB Asset Management Limited, Mr James Ilori, in a statement said, “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.”

FCMB Asset Management currently manages a 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. Beyond collective investment schemes, the firm also provides discretionary and non-discretionary portfolio management services, for clients with varying investment objectives.