FCMBAM receives SEC approval to rename its mutual funds

Kayode Tokede

FCMB Asset Management Limited (FCMBAM), the asset‑management subsidiary of FCMB Group Plc, announced that the Securities and Exchange Commission (SEC) has approved the supplemental Trust Deeds for FCMBAM’s mutual funds.

The approval covers the renaming of the Legacy mutual funds and a reduction in the minimum subscription units for the funds. It follows the successful conclusion of unitholders’ meetings, where investors in each affected mutual fund voted in favour of the proposed amendments.

The changes represent a deliberate step in FCMBAM’s ongoing brand consolidation, aligning the company’s publicly offered products with the FCMBAM identity that is recognised for disciplined, transparent and internationally benchmarked asset‑management services in Nigeria.

“This rebranding is more than a name change; it is a statement of intent. It, once again, signals to the investment community that FCMBAM prioritises the democratisation of access to professional investment‑management services, in line with our purpose of fostering inclusive and sustainable growth in the communities we serve,” said James Ilori, Chief Executive Officer of FCMB Asset Management Limited.