Table of Contents
- Introduction
- Digital Transformation
- Investment Options
- Management Comments
- Download the App
- About FCMB Group
- About FCMB Asset Management
First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has introduced a new feature on its Mobile App that enables customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the Group’s wealth creation division.
This initiative represents another important advancement in FCMB Group’s ongoing digital transformation, a strategy aimed at integrating all its business sectors into a comprehensive, full-service financial ecosystem that empowers customers to bank, invest, and build wealth effortlessly.
With the new in-app investment feature, customers can now access a variety of mutual funds from FCMB Asset Management — including the low-risk Legacy Money Market Fund, the growth-focused Legacy Equity Fund, the primarily local-currency bond-holding Legacy Debt Fund, and the Legacy USD Bond Fund for dollar-denominated investments.
These options are designed to meet different risk profiles and financial objectives, ranging from short-term liquidity to long-term capital growth or consistent income generation.
Yemisi Edun, Managing Director of First City Monument Bank, stated:
“What we are developing transcends digital convenience. It is about creating an interconnected ecosystem where banking, payments, and investments collaborate to address customers’ wider financial needs. By incorporating mutual funds into the FCMB Mobile App, we enhance that ecosystem, allowing customers to transition effortlessly from saving to investing within one reliable platform.”
In his comments, James Ilori, Chief Executive Officer of FCMB Asset Management Limited, remarked:
“Our goal is to democratize access to investment opportunities and simplify wealth creation for everyone. By integrating mutual funds into the FCMB Mobile App, we empower individuals, regardless of their location, to start investing with confidence and build sustainable financial futures.”
The inclusion of mutual fund services in the FCMB Mobile App aligns with FCMB Group’s overarching vision of developing a digitally inclusive financial ecosystem that connects banking, investment, and asset management under a single trusted platform to generate long-term value for individuals and communities.
Customers can download or update the FCMB Mobile App from the Google Play Store or Apple App Store today to begin their investment journey.
About FCMB Group
FCMB Group Plc is a prominent financial services holding company with subsidiaries in banking, consumer finance, asset management, and various other financial services.
About FCMB Asset Management
FCMB Asset Management Limited (FCMBAM), a subsidiary of FCMB Group, is licensed by the Securities and Exchange Commission (SEC) of Nigeria. It provides portfolio management and investment advisory services to both individual and institutional clients.
Frequently Asked Questions
What is the new feature introduced in the FCMB Mobile App?
The new feature allows customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management.
How can customers access the mutual funds?
Customers can access a range of mutual funds through the FCMB Mobile App, including options for different risk appetites and financial goals.
Where can I download the FCMB Mobile App?
The FCMB Mobile App can be downloaded or updated from the Google Play Store or Apple App Store.
