Agusto awards A+ rating to FBNQuest Asset Management

Agusto & Co. Limited, an indigenous rating agency, has awarded FBNQuest Asset Management, a subsidiary of FBN Holdings Plc., an A+ rating, reflecting the firm’s stable outlook, robust risk management, and strong investment capabilities.

The rating, which was issued in a recent report by Agusto & Co., also highlights the firm’s operational performance and outstanding business profile, on the back of its ongoing commitment to providing exceptional investment services to clients.

“We are truly delighted to receive the A+ rating from Agusto & Co. This recognition is a testament to our strong expertise in investment portfolio management and the achievements we have realised over the years,” Ike Onyia, managing director of FBNQuest Asset Management, said in a statement.

According to Onyia, the recognition underscores the company’s strong operational record, corporate governance, and professional management of fund assets. “We take pride in this positive acknowledgement, which stems from our well-thought-out business strategies and the exceptional performance of our skilled workforce, cementing our position in the hearts of our stakeholders.”

He stated further that the organisation’s performance demonstrates its unwavering dedication to delivering value to clients through a variety of products and services tailored to meet their investment needs.

Onyia also disclosed that FBNQuest Asset Management was recently recognised as the Best Asset Manager at the 2024 EMEA African Banker awards. According to him, the organisation will continue to maintain a consistently strong position in the investment services subsector in Nigeria, by providing clients with value-adding insights, advice, and service.

“Our mutual funds offer diverse investment options that enable the creation of unique and value-enhancing investment strategies for different client segments. Additionally, our range of mutual funds encompasses various asset classes, including equities, bonds, and money market instruments,” Onyia stated.

Agusto & Co. is a Pan-African leader in credit ratings and credit reports, having assigned over 1,500 ratings across various sectors. Their ratings are globally recognised, with a broad client base relying on Agusto as benchmarks to gauge business success.