- April 25, 2019
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Stanbic IBTC Asset Management Limited - The Best Private Banking Business in Wealth and Society in West Africa at the Global Wealth and Society Awards West Africa 2019
- National pioneer in ESG and Socially Responsible Investment Funds
- Largest open-ended mutual fund and open-ended equity bias fund in Nigeria.
- Customer-centric strategy drove strong AUM growth
Lagos, April 25th 2019- Stanbic IBTC Asset Management Limited received the Best Private Banking Business in Wealth and Society in West Africa award at The Wealth and Society West Africa Awards 2019. The award ceremony was held in conjunction with a Roundtable Dialogue comprised of private bankers, impact investors, and related parties, at the Eko Hotel Lagos, Nigeria.
The Global Wealth and Society programme opened in London in 2018 out of the belief that wealth can be a force for good. As such we look for instances everywhere in the world where wealthy individuals, institutions and funds were targeted to make an impact in their local communities or the world at large.
The programme is predicated on the belief that the best financial institutions are able to understand and look after its client's personal aspiration as well as family and business interests through exceptional service, conducted with integrity, a deep empathy of its client's needs, and superior and timely product innovation resulting in the preservation and expansion of the client's wealth in their lifetime. Recipients of these awards underwent a stringent and comprehensive evaluation process.
Standing from left: Members of the International Advisory Council of the Global Wealth and Society Awards programme; Gordian Gaeta and Urs Bolt with Oladele Sotubo, Chief Executive of Stanbic IBTC Asset Management Limited.
National Pioneer in ESG and Socially Responsible Investment Funds
The institution is also a pioneer in ethical financial products and alongside its Imaan fund based on Sharia principles, their Ethical Fund is Nigeria’s first quoted socially responsible mutual fund and accounts for one third of the Ethical Funds Sector in Nigeria.
Largest open-ended mutual fund and open-ended equity bias fund in Nigeria.
Their Money Market Fund is the institution’s most profitable product as well as the largest open-ended mutual fund in Nigeria. It utilises the bargaining power obtained from the pooling of funds to achieve higher returns from such investments which ordinarily is only available to institutional investors. In addition, their Nigerian Equity Fund is the largest open-ended equity bias mutual fund in Nigeria.
Customer-centric strategy drove strong AUM growth for Stanbic IBTC Asset Management Limited wealth business
2018 marked strong growth in Assets Under Management (AUM) while end to end services for its tailored asset management scheme increased significantly increased their High Net Worth Clients. Investments in technology have driven high digital transaction and penetration rates for cross-product digital touch points.
At the awards ceremony, Stanbic IBTC Pension Managers Limited was named the Best Asset/Fund Management Company in Wealth and Society West Africa. The Best Technology Product/Service in Wealth and Society was awarded to Bridge International Academies while the recipient of the SME Entrepreneur of the Year Award in Wealth and Society West Africa went to Odunayo Eweniyi, Co-Founder of fintech online savings platform PiggyVest.
For specific details relating to description of the awards, evaluation criteria and process, kindly visit http://www.wealthandsociety.com/theglobalwealthandsocietyawards/criteria
For all Wealth and Society West Africa Awards 2019 photos, please visit https://www.facebook.com/pg/wealthandsociety/photos/?tab=album&album_id=368836930527229
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