FCMB Asset Management Limited has received approval from the Securities and Exchange Commission to execute supplemental trust deeds covering the rebranding of its legacy mutual funds and a reduction in minimum subscription thresholds for selected investment products.

The company, which is the asset management subsidiary of FCMB Group Plc, said the approval followed successful unitholders’ meetings during which investors voted in favour of the proposed changes.

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According to the firm, the development forms part of an ongoing brand consolidation strategy aimed at aligning all public-facing investment products under the FCMB Asset Management identity, which it said reflects its focus on disciplined, transparent and internationally benchmarked asset management services.

Under the approved changes, the Legacy Money Market Fund has been renamed the FCMBAM Money Market Fund, while the Legacy Debt Fund becomes the FCMBAM Debt Fund. The Legacy Equity Fund has also been renamed the FCMBAM Equity Fund, while the Legacy USD Bond Fund will now operate as the FCMBAM USD Bond Fund.

Alongside the rebranding, FCMB Asset Management also revised the minimum subscription requirements for three of the mutual funds in a move aimed at broadening retail investor participation and improving affordability.

The minimum subscription threshold for the FCMBAM Debt Fund was reduced from 25,000 units to 1,000 units, while the minimum subscription for the FCMBAM Equity Fund was lowered from 10,000 units to 1,000 units.

For the FCMBAM USD Bond Fund, the minimum subscription requirement was reduced from 1,000 units to 100 units, a move the company said aligns with its broader strategy to expand access to dollar-denominated investment opportunities for retail investors.

The minimum subscription threshold for the FCMBAM Money Market Fund remains unchanged at 1,000 units.

Chief Executive Officer of FCMB Asset Management, James Ilori, described the rebranding exercise as more than a cosmetic change, saying it reflects the company’s broader commitment to expanding access to professional investment management services.

“This rebranding is more than a name change; it is a statement of intent. It signals to the investment community that FCMBAM prioritises the democratisation of access to professional investment management services,” Ilori said.

He thanked unitholders for their support throughout the approval process and reaffirmed the company’s commitment to delivering stronger investment outcomes under its refreshed identity.

The company also assured investors that all existing investment positions, account records and fund documentation would automatically be updated to reflect the new fund names, adding that clients are not required to take any action and that the changes will not affect the security or value of their investments.