STANBIC IBTC Asset Management Limited has been named the Best Mutual Fund Provider 2015 and Best Non Pension Fund Nigeria 2015 at the 2015 Global Banking and Finance Review Awards. The company, a subsidiary of Stanbic IBTC Holdings Plc, was announced winner of the awards at a ceremony in London.
Organised by Global Banking and Finance Review, a reputable online banking and finance performance review platform, the awards recognise achievements and innovations by companies in the global financial community, cutting across banking, Islamic finance, hedge funds, asset and wealth management, real estate, and corporate social responsibility, among others.
Wanda Rich, editor, Global Banking and Finance Review, was quoted as saying, “Stanbic IBTC Asset Management Limited’s dedication to excellence throughout its investment advisory and management services is what made them stand out as the clear winner this year. We look forward to seeing further industry-leading solutions from them in the years to come.”
Olumide Oyetan, chief executive officer, Stanbic IBTC Asset Management Limited, said the award was an incentive to work harder. “The firm remains totally committed to helping Nigerians build a portfolio of financial instruments from which they can use to meet their unique investment objective(s),” he said.
Having managed funds on behalf of savings schemes, institutional and corporate mandates and high net-worth individuals for over two decades, Oyetan said Stanbic IBTC Asset Management Limited had an impeccable and impressive performance record in the Nigerian investment field.
Oyetan said the asset management firm “will continue to take advantage of market movement by buying attractively priced securities which were usually trading at a substantial discount relative to their intrinsic value to eventually benefit from a subsequent reprising or re-rating. It is particularly pleasing to be recognised in Nigeria’s highly competitive financial services market where we compete against both local and international institutions from around the world.”
Stanbic IBTC Asset Management manages three of Nigeria’s largest and most prominent mutual funds. Funds under its management include the Stanbic IBTC Nigerian Equity Fund; the Stanbic IBTC Ethical Fund; and Stanbic IBTC Money Market Fund.
— Jul 13, 2015 @ 01:00 GMT