First City Monument Bank (FCMB) has rolled out a new feature on its mobile app that allows customers to open investment accounts and invest directly in mutual funds managed by FCMB Asset Management, the wealth management arm of FCMB Group Plc.
The innovation marks a major milestone in FCMB Group’s digital transformation drive, aimed at building an all-in-one financial ecosystem that integrates banking, payments, and investment services on a single platform.
Seamless Access to Investment Opportunities
With the new feature, FCMB customers can now explore a variety of mutual fund options designed to suit different financial goals and risk appetites. These include:
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Legacy Money Market Fund – a low-risk investment for those seeking liquidity and stability.
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Legacy Equity Fund – ideal for investors pursuing long-term growth through equities.
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Legacy Debt Fund – focused on local-currency bonds for predictable income.
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Legacy USD Bond Fund – a dollar-denominated option for investors seeking foreign currency exposure.
This digital integration allows users to invest, monitor performance, and grow their portfolios directly from their smartphones without visiting a physical branch.
Enhancing Financial Inclusion Through Technology
Speaking on the launch, Yemisi Edun, Managing Director of FCMB, said the initiative reflects the bank’s mission to simplify financial management for customers and empower them to make better financial decisions.
“What we are building goes beyond digital convenience,” Edun explained. “It is about creating 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’re enabling customers to move seamlessly from saving to investing within one trusted platform.”
Echoing this, James Ilori, Chief Executive Officer of FCMB Asset Management Limited, emphasized the goal of making investing more accessible.
“Our 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’re enabling anyone, anywhere, to start investing confidently and build a sustainable financial future,” he said.
Driving a Unified Digital Financial Ecosystem
The launch underscores FCMB Group’s broader strategy of building a digitally inclusive ecosystem that connects its various financial services—banking, consumer finance, and asset management—under one platform.
This initiative is expected to expand access to professional investment opportunities, encourage financial literacy, and drive long-term wealth creation among Nigerians.
Customers can download or update the FCMB Mobile App from the Google Play Store or Apple App Store to start exploring these investment options today.
About FCMB Group
FCMB Group Plc is a leading financial services holding company with subsidiaries across banking, consumer finance, asset management, and other financial sectors.
About FCMB Asset Management
FCMB Asset Management Limited (FCMBAM), licensed by the Securities and Exchange Commission (SEC) of Nigeria, provides portfolio management and investment advisory services to individuals and institutional investors.
Emmanuel Bassey is a Financial Expert that has worked in the Banking and Finance Industry for over 15+ years across different banks in Nigeria
