FCMB Asset Management’s rating upgraded to A(IM) by Agusto & Co.

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, James Ilori, chief executive officer of FCMB Asset Management Limited, 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.”

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FCMB Asset Management Limited 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.

FCMB Asset Management Limited remains focused on delivering globally aligned investment management solutions that support capital preservation, income generation, and long-term capital growth, while maintaining the highest standards of risk management and governance.

FCMB Group Plc is a leading financial services holding company with subsidiaries in retail and commercial banking, consumer finance, asset management, pensions management, trusteeship services, investment banking, and other financial services.

FCMBAM was established in 1997 to provide portfolio management and investment advisory services to individual and institutional clients. The company is a member of FCMB Group and is licensed by the Securities and Exchange Commission (SEC), Nigeria.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.