First City Monument Bank (FCMB), a subsidiary of FCMB Group Plc, has introduced 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 Group’s wealth creation arm.
The move marks another milestone in FCMB Group’s digital transformation strategy, one that aims to unify its banking, investment, and payment services under a single, integrated ecosystem designed to help customers build and manage wealth seamlessly.
With the new in-app feature, users can now access FCMB Asset Management’s diverse range of mutual funds, including:
Legacy Money Market Fund (low-risk, short-term liquidity),
Legacy Equity Fund (growth-oriented),
Legacy Debt Fund (local-currency bonds), and
Legacy USD Bond Fund (dollar-denominated investments).
These funds are tailored to meet various financial goals, from stable income generation to long-term capital appreciation.
Speaking on the development, Yemisi Edun, Managing Director of First City Monument Bank, said:
“What we are building goes beyond digital convenience. It’s about creating a connected ecosystem where banking, payments, and investments work together to meet customers’ broader financial needs. By integrating mutual funds into the FCMB Mobile App, we are enabling customers to move seamlessly from saving to investing, all within one trusted platform.”
Also commenting, James Ilori, Chief Executive Officer of FCMB Asset Management Limited, described the feature as part of the Group’s commitment to democratizing investment access in Nigeria, ensuring that both new and experienced investors can participate with ease.
