First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has added a new feature to its mobile app that lets customers open investment accounts and invest directly in mutual funds managed by FCMB Asset Management. This initiative is a key component of FCMB Group’s digital transformation strategy, which aims to build a single, full‑service financial ecosystem.
The in‑app investment feature provides access to a variety of mutual funds, including the Legacy Money Market Fund, Legacy Equity Fund, Legacy Debt Fund, and Legacy USD Bond Fund. These options are designed to meet different risk appetites and financial goals, ranging from short‑term liquidity to long‑term capital appreciation or steady income generation.
Yemisi Edun, Managing Director of First City Monument Bank, explained that integrating 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,” she said.
James Ilori, Chief Executive Officer of FCMB Asset Management Limited, added that the goal 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 noted.
The integration aligns with FCMB Group’s objective 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 the group, is licensed by the Securities and Exchange Commission of Nigeria and offers portfolio management and investment advisory services to individual and institutional clients. With this new feature, FCMB Group aims to drive long‑term value for individuals and communities, promoting financial inclusion and wealth creation while enhancing the customer experience through a seamless, convenient way to manage finances and investments.
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