Lagos, Nigeria – CardinalStone Asset Management Limited (CAM), a leading licensed fund and portfolio manager, has been recognised with stellar ratings from three renowned agencies, reaffirming its position as a top player in Nigeria’s asset management industry.
The ratings are as follows:
- Agusto & Co.: Conferred an ‘A’ rating, highlighting the firm’s robust research capabilities, structured decision-making processes, and sound risk management practices.
- Data Pro: Awarded a Long-Term Rating of A-(IM) with a stable outlook, underscoring the company’s low-risk profile and strong financial health.
- GCR Ratings: Assigned an initial Management Quality Rating of MQ2(NG) and a Nigerian Management Quality Rating of A(NG)(mq), reflecting confidence in the firm’s operational practices, governance, and risk management.
These ratings are a testament to CardinalStone Asset Management’s operational resilience, effective strategies, and commitment to delivering superior value to clients.
The company’s assets under management (AUM) grew from its position in December 2023 by 46.2% as of March 2024, placing the firm among the top 15 largest asset managers in Nigeria as tracked by Agusto & Co. The firm’s strong financial performance is supported by diversified revenue streams, which have contributed to notable growth in gross earnings year on year. All three agencies commended CardinalStone Asset Management for its stable leadership team and sound governance framework, which underpins its operational efficiency and ability to navigate market dynamics.
The firm continues to provide long term value through diversified investment solutions spanning equities, fixed income, and alternative investments, with plans to launch new funds, such as a Balanced Fund and an Infrastructure Fund, to cater to evolving client needs.
Commenting on the recognition, Oluwaseyi Osunlalu, Managing Director of CAM, said:
“These ratings reflect the hard work and dedication of our team in delivering top-notch asset management services. They affirm our commitment to excellence, innovation, and driving value for our clients and stakeholders. As we look ahead, we remain focused on sustaining our growth and expanding our offerings to meet the needs of our diverse clientele.”
About CardinalStone
CardinalStone is a leading financial institution in Nigeria offering a comprehensive suite of services, including investment banking, asset management, securities trading, trust services, financing, registrar services and pensions. With over 16 years of experience, CardinalStone is committed to empowering individuals and businesses to achieve their financial goals through innovative solutions and a client-first approach.
