Coronation Asset Management Restates Commitment To Harness Power Of Digital Innovation To Drive Investment Growth
Calls On Policymakers, Industry Stakeholders, Investors To Embrace Digital Solutions
Managing Director/CEO, Coronation Asset Management Limited, Mr Aigbovbioise Aig-Imoukhuede
The Coronation Asset Management Limited has reiterated its commitment to harnessing the power of digital innovation to drive investment, calling on policymakers, industry stakeholders, and investors to embrace digital solutions to build a more inclusive, digitally-driven investment ecosystem in Nigeria.
At a recent webinar themed “Building Wealth with Mutual Funds: A Digital Approach,” experts who spoke at the online event, explored the intersection of technology and investment and how the power of technology can drive investment growth.
The Managing Director/Chief Executive Officer, Coronation Asset Management Limited, Mr Aigbovbioise Aig-Imoukhuede, in his article “Unlocking Nigeria’s Investment Potential: Embracing Digital Solutions for Economic Growth,” published on proshare.com, reaffirmed the Company’s commitment to harnessing the power of digital innovation to drive investment growth.
They noted that Mutual Fund Industry holds the potential for driving economic growth.
“At Coronation Asset Management, we are committed to harnessing the power of digital innovation to drive investment growth….
“As Nigeria navigates the complexities of economic growth, it’s imperative we recognise the pivotal role investment plays in shaping our future. With a burgeoning youth population and an increasing appetite for financial inclusion, our country is ripe for innovative investment solutions. The mutual fund industry, in particular, holds immense potential for driving economic growth.
“Nigeria’s economic future depends on our ability to harness investment potential. Let’s seize this moment to build a more inclusive, digitally driven investment ecosystem. We urge policymakers, industry stakeholders, and investors to join us in embracing digital solutions for economic growth,” he added.
Speaking on the challenge, opportunity and the way forward, he said: “Nigeria’s investment landscape is hampered by inefficiencies and limited access. Conventional investment platforms typically mandate high-value investment entry requirements, locking out many potential investors. This exclusion perpetuates financial inequality, stifling economic mobility and growth.
“Digital solutions offer a game-changing opportunity to democratise access to investment products. With lower entry barriers and real-time portfolio management, Nigerians can now participate in the investment space easily, unlike those previously experienced.
“Digital platforms can increase financial inclusion to reach underserved populations and provide access to investment products; enhance transparency through real-time portfolio tracking and reporting; improve efficiency through automated processes and reduce administrative burdens as well as foster diversification by ensuring access to a broad range of investment options.
“To unlock Nigeria’s investment potential, we must prioritise digital infrastructure development by ensuring reliable and secure technology infrastructure; regulatory frameworks with clear guidelines for digital investment platforms; Investor education through financial literacy programmes to empower investors and ensure collaboration among industry stakeholders, policymakers, and regulators.”
About Mr Aigbovbioise Aig-Imoukhuede, the Managing Director of Coronation Asset Management,
Mr. Aig-Imoukhuede holds a bachelor’s degree in business studies from the University of Buckingham. He is the current President of FMAN (Fund Managers Association of Nigeria) and is an Associate Member of the Institute of Directors, Nigeria, and the UK.
He has over 26 years of experience as a diverse financial services professional with expertise in wealth management, corporate banking, treasury, and capital market transactions. Over the years, he has built an industry-wide reputation for achieving and surpassing set goals, increasing customer and employer confidence in his ability to deliver.
Mr. Aig-Imoukhuede started his banking career with Fidelity Bank in 1997, where he worked in various capacities in Retail Banking, Private Banking, Commercial Banking, Public Sector banking, and Treasury and Funds Management. He has also worked with MBC International Bank Limited and First Bank Plc, where he worked in various capacities in Commercial and Corporate Banking as well as as Head of construction and Real Estate.
He was the Head of Capital Markets at Coronation Merchant Bank in charge of Investment Banking and Private Banking. He oversaw the Bank’s subsidiaries in Asset Management, Securities Brokerage and Trustees. Before joining Coronation Merchant Bank, he was a director of wealth management and was in charge of relationship management and business development at Marina Securities Limited (MSL).
