FCMB Launches Mobile App Investment Feature for Mutual Funds
First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has introduced a new feature on its mobile app, enabling customers to open investment accounts and directly invest in mutual funds managed by FCMB Asset Management. This development marks a significant step in FCMB Group’s digital transformation strategy, aimed at creating a single, full-service financial ecosystem.
The new in-app investment feature allows customers to access a range of mutual funds, including the Legacy Money Market Fund, Legacy Equity Fund, Legacy Debt Fund, and Legacy USD Bond Fund. These options cater to different risk appetites and financial goals, from short-term liquidity to long-term capital appreciation or steady income generation.
According to Yemisi Edun, Managing Director of First City Monument Bank, the integration of mutual funds into the FCMB Mobile App is part of the bank’s effort to create a connected ecosystem where banking, payments, and investments work together to serve customers’ broader financial needs. “By integrating mutual funds into the FCMB Mobile App, we extend that ecosystem, enabling customers to move seamlessly from saving to investing within one trusted platform,” Edun said.
James Ilori, Chief Executive Officer of FCMB Asset Management Limited, added that the mission is to democratize access to investment opportunities and make wealth creation simple and inclusive. “By bringing mutual funds to the FCMB Mobile App, we enable anyone, anywhere, to start investing confidently and build sustainable financial futures,” Ilori said.
The integration of mutual fund services into the FCMB Mobile App aligns with FCMB Group’s goal of creating a digitally inclusive financial ecosystem that connects banking, investment, and asset management under one trusted platform. Customers can download or update the FCMB Mobile App from the Google Play Store or Apple App Store to begin investing.
FCMB Group Plc is a leading financial services holding company with subsidiaries in banking, consumer finance, asset management, and other financial services. FCMB Asset Management Limited, a subsidiary of FCMB Group, is licensed by the Securities and Exchange Commission (SEC) of Nigeria and offers portfolio management and investment advisory services to individual and institutional clients.
With this new feature, FCMB Group is poised to drive long-term value for individuals and communities, promoting financial inclusion and wealth creation. The move is expected to enhance customer experience, providing a seamless and convenient way to manage finances and investments.
