You are on page 1of 13

REPORT ON MANAGEMENT AND FINANCIAL

STANDING OF ARM INVESTMENT MANAGERS


LTD AND CORDROS CAPITAL LTD
PRESENTED TO ALDCO

BY

SADIQ A. GARBA
(RISK MANAGEMENT GROUP)
ARM INVESTMENT MANAGERS LIMITED

ARM Investment Managers , is a wholly owned subsidiary of ARM


Traditional Asset Management Company Limited; the largest non-Bank
financial services Institution in Nigeria. It was established in 1994 as an
Asset Management firm. It provides global Asset Management Services
across a wide range of traditional and alternative investment options,
including equities, fixed income securities, cash and real estate. The
firm is regulated by the Nigerian Securities and Exchange Commission
(SEC). They specialise in:
•Private wealth Management
•Institutional Asset Management
•Real Asset Management (Mutual Funds)
•Alternative Investments.
2
MANAGEMENT
• The Board is made up of seven (7) successful and experienced
business Leaders from variety of different Industries. Some of their
Board members include:
• Mr. Felix Ohiwerei is the Chairman and was appointed in May 2006.
He has had a distinguished business career, both locally and
internationally. He is the longest standing MD and former Chairman
of Nigerian Breweries Plc.
• Jumoke Ogundare who’s the CEO has over 25 years’ experience in
credit & Marketing. She’s also an alumnus of the program for
management development (PMD) of the Harvard Business School.

3
FINANCIAL POSITION
• ARM has Total Asset of N52, 588,628,000 as at 31st December, 2016 out of which
N51,241,499,000 is customer’s total assets in management, N1,020,401,000
other assets and N326,728,000 Shareholder’s fund.
• Total Shareholder’s fund of N326, 728,000 as at 31st December, 2016 which is
twice the industry benchmark of N150,000,000 set by Securities and Exchange
Commission.
• ARM has a liquidity ratio of 26% as at 31st December, 2016 which is 6% more than
the CBN benchmark of 20%.
• ARM’s return on equity and return on asset are 12.90% and 0.08% respectively
which are considered adequate.
• The Annual Report of ARM Investments Managers Limited as at 31 December,
2016 was appraised by the Group and was rated B showing that they posed a
moderate amount of risk.

4
RATING

ARM currently has an AA- rating (highest awarded to any Nigerian


Asset Manager) from Agusto and Co. and was named Best Fund
Manager, Nigeria 2013 by Capital Finance International.

5
TRACK RECORD

ARM with over 23 years of experience, has a reputation of managing


Clients’ investment portfolios to suit individual objectives. Some of
their clients include:
• Exxon Mobil
•Guinness Nigeria
• Total Plc
•Glaxo Smithkline
•NNPC Cooperative
•Cornerstone Assurance and so on.
6
CORDROS CAPITAL LIMITED

Cordros Capital which was established 2007 as a leading


Financial Service Company , licensed as Brokers/Dealers,
Issuing House and Fund/Portfolio Managers by the
Nigerian Stock Exchange (NSE) and Securities & Exchange
Commission (SEC). They offer services ranging from:
•Securities Trading
• Asset Management
•Investment Banking
•Research and Investment analysis.
7
MANAGEMENT
• The Board is made up of seven (7) successful and experienced business
leaders from variety of different Industries. Some of the Board members
include:
• Charles Osezua, OON is the Chairman. He is a foremost Nigerian Gas
Engineer and a technocrat who championed a number of the early efforts
on the development of gas policies in Nigeria. He has over three (3)
decades of experience in Oil & Gas industry. He was at different time
appointed Special Assistant to the Head of State on oil and gas matters,
technical Adviser to the Chairman NNPC Board.
• Wale Agbeyangi is the Group Managing Director/CEO. He is a consummate
Entrepreneur and Investment Banker with specialist knowledge of
Securities trading, Asset Management and Investment Banking Services. He
worked with Great Africa Trust Limited and later Meristem Securities
Limited from where he joined Cordros Capital as the founding MD.
8
FINANCIAL POSITION

• Cordros Capital has Total Asset of N2,882,652,751 as at 31st December, 2016 out of
which N1,623,681,306 is customer’s total assets in management .
• Total Shareholder’s fund of N1,228,599,774 as at 31st December, 2016 as compared with
the industry benchmark od N150,000,000 set by Securities and Exchange Commission.
• Cordros Capital has a liquidity ratio of 139% as at 31st December, 2016 which is more
than the CBN benchmark of 20%.
• Cordros Capital’s return on equity and return on asset are 3.14% and 1.34% respectively
which are considered adequate.
• The Annual Report of Cordros Capital Limited as at 31 December, 2016 was appraised by
the Group and was also rated B showing that they posed a moderate amount of risk.

9
RATING

Cordros Capital are rated Bbb- by Agusto and Co.

10
TRACK RECORD
Cordros Capital have served as Stockbrokers and as Financial Advisers
to so many Companies. Some of them are:
• AP Petroleum
• Staco Insurance
•Eterna Plc
•GTHomes Limited
•Total Nigeria Plc
• PZ Cussons Plc and so on.

11
RECOMMENDATION
• In view of the above findings on the financial standing and the quality
of their Managements, the Bank may wish to consider and engage
the services of ARM Managers Limited for Treasury Bills transactions
while Cordros Capital for future transactions.

12
THANK YOU

13

You might also like