Economy News Extra Investments/Capital Market Latest News

Stanbic IBTC Asset Management Gets ‘AA (IM) Rating

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has been assigned an AA(IM) investment manager rating with a Stable Outlook by Agusto & Co.

Agusto and Co, a leading Pan-African rating agency, stated that the rating reflected the company’s sustained capacity in providing exceptional services to its customers.

The rating firm stated: “Having taken into consideration its board composition which has the potential to elevate investment and business risks, the new AA(IM) rating is a reflection of Stanbic IBTC Asset Management’s sound operational track record in the asset management industry, well-composed and experienced decision-making committees, good operational risk management and membership of the Stanbic IBTC Group.”

Commenting on the recognition, Stanbic IBTC Asset Management Limited’s Chief Executive Officer, Oladele Sotubo, restated the company’s commitment to providing fund management solutions that cut across various markets, asset classes and in line with international standards to its clients
In her remarks, Chief Executive, Stanbic IBTC Stockbrokers Limited, Titi Ogungbesan, expressed her delight at the performance of the stock broking subsidiary.

The investment expert enthused: “Our industry performance is driven by deep market knowledge and global standard investment management expertise. We hinge our delivery on integrity, professionalism and efficient execution capabilities. This is another milestone that proves our commitment to lead the investment management services industry in sub-Saharan Africa.”

Ogungbesan assured the stock-broking firm’s clients of its continued commitment to helping in the fulfillment of their investment objectives.

In addition, she promised that the company would not relent in its efforts aimed at contributing is quota in building a more vibrant stock market in Nigeria.

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *