Stanbic IBTC Pension Managers Limited - Best Asset/Fund Management Company in Wealthy and Society West Africa at the Global Wealth and Society Awards West Africa 2019
- Nationally best performing Retirement Fund 4
- Largest Retirement Savings Account Fund in Nigeria.
- Customer-centric strategy drove strong AUM growth
Lagos, April 25th 2019- Stanbic IBTC Pension Managers Limited received the Best Asset/Fund Management Company in Wealthy 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 Eric Fajemisin, Chief Executive of Stanbic IBTC Pension Managers Limited.
Nationally best performing Retirement Fund 4
With a proven record of finance tracking and the protection of investments, the company’s Retiree Fund 4 was the best performing fund in its category for 2018.with a YTD return of 15.54% compared to the average of 12.66% for Retiree Fund 4 in Nigeria.
Largest Retirement Savings Account Fund in Nigeria.
The company currently manages the largest Retirement Savings Account Fund (RSA) in Nigeria with current total assets under management registering over 2.3 trillion out of a total in Nigeria (Funds I –IV) of NGN6.58 trillion as of the fourth quarter of 2018.
Customer-centric strategy drove strong AUM growth
Consumer convenience is assisted through multiple physical locations in every state of the federation as well as a “Pension-on-Wheels” service channel which is a mobile “pension-clinic” that transports staff to various locations to serve clients and treat their pension enquiries.
By consistently providing products and services that meet customer, statutory and regulatory requirements, they are serving a significant share of high and ultra-high net-worth customers in the country, and have continued to attract new clients, recording strong growth in Assets Under Management and a jump in High Net Worth Clients in 2018.
At the awards ceremony, Stanbic IBTC Asset Management Limited was named the Best Private Banking Business 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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