Stanbic IBTC wins regional pension, wealth management awards

Stanbic IBTC wins regional pension, wealth management awardsStanbic IBTC Holdings Plc has won the Best Asset/Fund Management firm and Best Private Banking Business in Wealth and Society West Africa at the Global Wealth and Society Awards West Africa 2019.

The awards further validated Stanbic IBTC’s standing as a leading end-to-end financial services organisation with market leadership across segments, including wealth management, corporate and investment banking, pension fund administration, stockbroking, custody, trusteeship and others.

Stanbic IBTC Asset Management Limited won the Best Private Banking Business in Wealth and Society in West Africa, while Stanbic IBTC Pension Managers Limited picked the Best Asset/Fund Management Company in Wealth and Society, also in the West Africa category.

The award ceremony held in conjunction with a Roundtable Dialogue, which comprised private bankers, impact investors and related parties, at the Eko Hotel, Lagos. These new accolades complement the numerous recognitions awarded to both companies in 2018.

Stanbic IBTC Pension Managers Limited Chief Executive, Mr. Eric Fajemisin, said being singled out among peers is gratifying and: “we are very pleased to have been selected for recognition as the Best Asset/Fund Management Company in West Africa”.

He added: “It is another prestigious award made possible by our esteemed and loyal customers. Our customers constantly challenge us through their patronage and positive feedback, allowing us to push the envelope in innovative service to ensure they get full benefit of partnering with us.”

Stanbic IBTC Asset Management Limited Chief Executive, Mr. Oladele Sotubo, expressed the firm’s delight for being recognised by such a reputable and credible organisation from a pool that included some of the industry giants in Africa.

He said the awards further demonstrated Stanbic IBTC’s strength and desire to consistently provide best-in-class financial services solutions across all market segments by leveraging the expertise and rich heritage of the Standard Bank Group to which Stanbic IBTC Holdings belongs.

“These awards are testaments to our capabilities and competences across all business segments, and speak to our unwavering dedication to consistently deliver innovative and robust solutions to our clients,” Sotubo said.

The Global Wealth and Society programme, according to its promoters, 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,” he said.

Stanbic IBTC Money Market Fund is the institution’s most profitable product as well as the largest open-ended mutual fund in Nigeria and Socially Responsible Investment Funds and its customer-centric strategy drove strong Assets Under Management (AUM) growth for firm.

Stanbic IBTC Pension Managers Limited, on the other hand, is the country’s largest pension fund administrator 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 per cent compared to the average of 12.66 per cent for Retiree Fund 4 in Nigeria.

The company manages the largest Retirement Savings Account Fund (RSA) in Nigeria and is consistently providing products and services that meet customer, statutory and regulatory requirements. In addition to this, the PFA has continued to attract new clients, recording strong growth in AUM and a jump in high net worth clients in 2018.

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