Agusto & Co. has rated Norrenberger Investment & Capital Management Limited (NICML) as a BBB- Investment Manager.
The foremost Credit Rating Agency considers NICML to have adequate investment and risk management capabilities, as evidenced by its rating category. This rating was awarded based on the findings of Agusto & Co. that NICML has experienced and qualified decision-making committees and a solid framework for guiding the production of high-quality research material and applauds the company for having clearly defined and documented policies for decision-making and escalation.
NICML provides discretionary, non-discretionary, and advisory services to retail investors, high net worth individuals (HNI’s), and institutional clients. Its investment universe comprises fixed income securities, money market securities, and domestic and international equities, all tailored to meet and exceed clients’ needs and expectations.
The Group Managing Director, Tony Edeh, commented on the rating- “We are honored to have received the BBB- rating from Agusto & Co. for our Investment Management subsidiary, NICML. It demonstrates our fortitude in the face of uncertainty during a recovering economy and the health of our financials. We appreciate the commitment of our Board and the hard work of our management team and employees in getting us through the pandemic and the recovery year. We also deeply appreciate the support of our clients.”
Norrenberger, NICML’s parent company, won the “Africa’s Most Outstanding Financial Solutions Group” award at the African Business Excellence & Leadership Awards 2021 for demonstrating strong leadership, innovation in product offerings, and commendable brand experience, and excellent service delivery.
