• Tuesday, July 16, 2024
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Anchoria Asset Management appoints new MD, ED

Anchoria Asset Management appoints new MD, ED

Anchoria Asset Management (AAM) has announced the appointment of Folajimi Adeleye as the new managing director and Esther Ugwu as the executive director, business development and investor relations.

The appointment was approved by shareholders of the firm at its 3rd Annual General Meeting where they also approved a dividend payment of N258 million for 2023, equating to a payout of 38 kobo per share.

“I am thrilled to work with the talented team at AAM to capitalise on new opportunities and promote sustainable growth. I congratulate Esther on her new role and look forward to implementing our strategic vision to advance the company and objectives and expand its market presence,” Adeleye said upon his appointment.

Esther brings over a decade of experience in business development and relationship management, while Adeleye boasts of almost two decades of extensive experience in audits, financial reporting, and financial management.

Kelvin Orogun, chairman of AAM, while speaking on the next steps for the company, said it is committed to creating long-term value and sustainable growth for its shareholders, employees, and customers.

He said Anchoria Asset Management focus is on delivering superior investment solutions and building enduring partnerships.

“AAM reported a profit of N1.8 billion, indicating a 345 percent increase from the previous year. Other achievements include a 728 percent growth in shareholders’ funds and a 51 percent increase in Assets Under Management (AUM), reflecting strong investor confidence and effective portfolio management strategies.”

Anchoria Asset Management, incorporated by the Corporate Affairs Commission and licensed by the Securities and Exchange Commission as a funds/portfolio manager, specialises in wealth creation and preservation for retail, high-net-worth individual clients, and institutional investors.