FCMB Asset Management Limited, the asset management subsidiary of FCMB Group Plc, has received an 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 enhancement of its investment management processes, robust research capabilities, disciplined governance framework, and extensive experience within its decision-making committees. It also highlights the company’s strong institutional backing as part of the FCMB Group, one of Nigeria’s foremost financial services organisations.

Commenting on the upgrade, FCMBAM Chief Executive Officer, Mr. James Ilori, 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 Limited currently manages a range 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.

In addition to collective investment schemes, the firm provides both discretionary and non-discretionary portfolio management services for clients with diverse investment objectives.

The company remains focused on delivering globally aligned investment management solutions that promote capital preservation, income generation, and long-term growth, while upholding the highest standards of risk management and governance.