FBNQuest Asset Management, a subsidiary of FBN Holdings, has been awarded an “A+” rating by DataPro, which is a clear indication of the organisation’s exceptional financial strength, impressive operating performance and outstanding business profile. This rating is a testament to their unwavering confidence in their abilities and their continued commitment to providing commendable service to their clients.
The rating was assigned in the recently released rating report by DataPro. DataPro is a licensed Credit Rating Agency recognised by the Securities Exchange Commission (SEC) in Nigeria with over a decade of experience. Their sound ethical and professional reputation sets them apart in the industry.
The report evaluated the company’s profitability, investments, liquidity, asset management, capital adequacy, corporate governance, risk management, and risk factors when assigning the rating.
The agency has confirmed that FBNQuest Asset Management is in good financial condition and is fully capable of fulfilling its obligations to clients. This is also a testament to the organisation’s reputation, bolstered by its association with FBN Holdings Plc, one of Nigeria’s biggest financial institutions with a presence in areas ranging from commercial banking to investment banking, capital markets, trusteeship, and insurance brokerage.
The organisation’s outstanding performance is a direct result of its resolute commitment to delivering unparalleled value to clients through an extensive range of financial products that are tailored to their unique requirements and by drawing upon the exceptional expertise of its talented team. Speaking on the rating, Ike Onyia, Managing Director, FBNQuest Asset Management stated, “We are pleased to have been assigned an “A+” rating from DataPro despite the challenges posed by the current macroeconomic circumstances. We take pride in our strong investment performance, which is a result of the exceptional skills of our portfolio management and research team, coupled with the highly effective distribution strategies of our sales teams. This winning combination ensures that our clients can confidently benefit from our expert knowledge.
Our mutual funds offer diverse investment options that can assist in creating unique and value-enhancing investment strategies for different client segments. Our range of mutual funds covers a variety of asset classes, including equities, bonds, and money market instruments.
The rating has a shelf life of up to 12 months from its initial creation date.
About FBNQuest Asset Management
FBNQuest Asset Management is a leading asset manager in Nigeria for individual and institutional investors. A subsidiary of FBNQuest Merchant Bank, it offers a range of investment products and services, with strategies spanning various asset classes and sectors.
Offering specialist portfolio and fund management services, the firm manages investment accounts for high-net-worth individuals and institutional clients, including insurance companies, pension funds, public
and private mutual funds, endowment, and charity funds, as well as segregated and special accounts. The firm guides its clients through Africa’s dynamic markets and identifies the best opportunities that shape their portfolios.
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