Lagos, May 11, 2026 — FCMB Asset Management Limited (FCMBAM), the asset management arm of FCMB Group Plc, said it has secured approval from Nigeria’s Securities and Exchange Commission (SEC) to proceed with supplemental Trust Deeds for its mutual funds. The regulator’s green light covers both a rebranding exercise for FCMBAM’s legacy funds and a concurrent reduction in the minimum subscription units for selected funds, following investor votes in meetings of unitholders for each affected mutual fund.
SEC approval clears rebranding and investment-entry changes
The approval, FCMBAM said, formalises changes that take effect from the date of SEC approval and comes after unitholders backed the proposals during separate meetings tied to each mutual fund. The company described the move as part of a broader brand consolidation strategy intended to strengthen alignment between its public-facing products and the FCMBAM identity.
FCMBAM linked the updates to its positioning in Nigeria’s asset management market, saying the refreshed alignment reflects its focus on disciplined operations, transparency, and services benchmarked against international standards.
Name changes for legacy mutual funds take legal effect
FCMBAM said the following mutual fund name updates are now in full legal force from the date the SEC approval was granted:
- Legacy Money Market Fund → FCMBAM Money Market Fund
- Legacy Debt Fund → FCMBAM Debt Fund
- Legacy Equity Fund → FCMBAM Equity Fund
- Legacy USD Bond Fund → FCMBAM USD Bond Fund
Lower minimum subscriptions broaden access for retail investors
Alongside the rebranding, FCMB Asset Management Limited revised minimum unit subscription thresholds for three of its mutual funds, as reflected in the supplemental Trust Deeds and approved by the SEC. FCMBAM said the revisions are designed to lower the cost of entry and help widen participation by retail investors.
- The minimum subscription for the local-currency bond-based FCMBAM Debt Fund was reduced from 25,000 units to 1,000 units.
- The minimum subscription for the local-currency equity-based FCMBAM Equity Fund was lowered from 10,000 units to 1,000 units.
- The minimum subscription for the US Dollar bond-based FCMBAM USD Bond Fund fell from 1,000 units to 100 units, aligning with the company’s goal of expanding access to dollar-denominated investment opportunities for retail investors.
- The FCMBAM Money Market Fund remains unchanged, with a minimum subscription of 1,000 units.
Company statement and customer impact
FCMBAM Chief Executive Officer James Ilori said the exercise goes beyond a change in branding, framing it as a signal to the investment community that the firm prioritises wider access to professional investment management services consistent with its purpose of fostering inclusive and sustainable growth in the communities it serves.
Ilori also said FCMBAM thanked its unitholders for their confidence throughout the process and pledged continued focus on delivering stronger outcomes for clients under the updated identity.
- All existing investment holdings, account records, and fund documentation will be updated to reflect the new fund names.
- Unitholders do not need to take any action.
- The company said the changes will not affect client investments and that portfolios remain fully secure.
For further questions, FCMBAM directed investors to contact [email protected].
Background on FCMBAM and its regulated status
FCMB Asset Management Limited was established in 1997 to provide portfolio management and investment advisory services to both individual and institutional clients. The firm is a wholly-owned subsidiary of CSL Stockbrokers Limited, which is part of FCMB Group Plc, described as one of Nigeria’s leading financial services holding companies.
FCMBAM said it is licensed by the Securities and Exchange Commission (SEC) in Nigeria. It also cited ratings of A(IM) by Agusto & Co and A2(NG) for short-term issuer and A-(NG) for long-term issuer by GCR.
The company currently manages five Collective Investment Schemes, including Nigeria’s first local-currency Private Debt Fund, the FCMB-TLG Private Debt Fund. It also offers Discretionary and Non-discretionary Portfolio Management services.
