First Asset Management Limited, an investment management company and a subsidiary of First HoldCo Plc, has announced that it has crossed the N1 trillion mark in Assets Under Management (AUM), confirming its rising influence in Nigeria’s financial services industry.
In a statement made available to our correspondent on Sunday, the firm described the milestone as a significant achievement that reflects the trust and confidence its clients have continued to show over the years.
The Managing Director of First Asset Management Limited, Mr. Ike Onyia, expressed appreciation to clients and stakeholders for their continued support. He said the N1 trillion milestone is not just a figure but a demonstration of the firm’s ability to deliver consistent investment performance while meeting clients’ expectations.
“This milestone is a clear indication of the confidence placed in us by our clients and partners. It highlights the firm’s ability to deliver successful investment outcomes and reinforces its dedication to fulfilling its mandate,” Onyia said.
He added that the support of clients has been a major driver of the firm’s achievements. According to him, the investment performance recorded by clients has inspired the team to continue working with dedication and professionalism.
“The continued partnership of our clients is not taken for granted. Their commitment has been pivotal, and the performance of their investments inspires the team’s dedication to providing best-in-class service,” he said.
Onyia also noted that the firm remains committed to adapting to changes in the market while using forward-thinking investment strategies to serve a wide range of clients. He said First Asset Management is focused on maintaining a flexible and innovative approach, especially as investors’ needs continue to evolve.
“As the firm continues to grow, it remains focused on deploying innovative and forward-looking investment strategies tailored to each client’s financial goals,” Onyia added.
Crossing the N1 trillion AUM mark is a major milestone for any asset manager operating in Nigeria. This achievement places First Asset Management among the top-tier fund and portfolio management firms in the country. Analysts say that such a milestone is usually driven by strong product performance, customer retention, trust, and an expanding client base.
Business experts also believe that this development could attract more institutional and high-net-worth clients to the company, considering that investors are generally drawn to firms that show consistent growth and large-scale asset management capabilities. It also gives the company greater capacity to diversify its investment options across sectors like equities, fixed income, real estate, and alternative investments.
With Nigeria’s financial sector undergoing reforms and increasing interest from both local and foreign investors, firms like First Asset Management are likely to play a bigger role in shaping the investment landscape. The firm’s affiliation with First HoldCo Plc—one of Nigeria’s leading financial services groups—also provides an advantage in terms of brand strength and financial backing.
Market watchers expect that the company’s next challenge will be to maintain and build upon this level of performance in a competitive environment where investors are constantly seeking better returns and transparent service.
