As part of the strategy to harmonise its global brand and identity, FCMB Group Plc has announced a change of name in the pension management arm of its business.
Formerly known as Legacy Pension Managers Limited, the leading financial services holding company’s fund managers firm now will be known as FCMB Pensions Limited.
In a statement released in Abuja, the group said, following the acquisition of majority shareholding in the company by FCMB Group Plc and the approval of the board of directors at its meeting of October 17, 2018, the change of name will positively enhance the company’s marketing and distribution activities.
Reacting to media inquiries, the Managing Director of FCMB Pensions Limited, Mr. Misbahu Yola, said, “what has happened is expected and an important alignment of our marketing message.
“There has been a comprehensive integration of the pensions business into FCMB Group, which is known for its culture of excellence, resilience and customer focus. It is another way of welcoming it to a group that has endured and enjoyed stability and sustainable growth in the last 41 years.”
The pension firm will also leverage on FCMB’s extensive distribution network, alternate channels, digital innovation, investment research and rapidly expanding customer base.
Chairman of the Board of FCMB Pensions Limited and the Group Chief Executive of FCMB Group Plc, Mr. Ladi Balogun, said, “the change of the company’s name will entrench a single brand identity across our pensions and retail banking businesses.”