Nairametrics has recognized NOVAmbl Asset Management’s Dollar Fixed Income Fund as the best-performing Dollar Fund in 2023 based on SEC data.
A subsidiary of NOVA Merchant Bank, NOVAmbl Asset Management stood out among 21 registered dollar funds, achieving an impressive 8.5% average return during the review period.
The bank’s dedication to excellence and consistent returns has positioned NOVAmbl Asset Management at the forefront of Nigeria’s asset management landscape. This recognition affirms the bank’s expertise in navigating market complexities and optimizing investments for maximum returns.
Recently, NOVA Merchant Bank announced its conversion to a full Commercial Banking Business, appointing Mr. Adebowale Oyedeji as the new Managing Director and Chief Executive Officer. In another significant development, the bank increased staff salaries by up to 50%, underscoring its commitment to its workforce.
NOVA Merchant Bank Limited is an investment grade-rated merchant bank in Nigeria, offering a comprehensive suite of financial solutions encompassing Financial Intermediation, Wholesale and Investment Banking, Asset and Securities Management, Trade Services, Cash Management, Transaction, and Digital Banking.