Asset & Resource Management Company Limited, (ARM) in its 21 years of existence has evolved from being an investment management firm into Nigeria’s largest non bank financial institution with over N400 billion asset under management and 600,000 clients, a recent restructuring for the next phase of business growth.
Following a recent restructuring for its new phase of business growth, the Company’s new leadership Jumoke Ogundare and Sadiq Mohammed takes over as Group Chief Executive Officer and Deputy Chief Executive Officer respectively to prepare the Company for the challenges of the future for more efficient and better service to her clients.
Ogundare and Mohammed are long-time ARM executives who know the Company, its clients, employees and operations quite well, so placing these experienced executives into leadership roles underscores the Company’s commitment of realizing its ambitions which remains the core purpose of the business. They are supported by an experienced four-man Executive Management Committee with a combined 95 years of service with the Company and over 125 years of industry-related experience.
ARM Group CEO, Jumoke Ogundare stressed that ‘ARM’s success has been hinged on the ability to remain focused on its essence of realizing ambitions; its staff; and, core values. “Our business success is ensured by the support of our over 2,500 staff and we plan to continuously foster an inclusive, diverse and thriving workplace in the coming years.”
She also stated that ARM’s vision was recently revised from being a West-Africa focused business to an Africa focused business, and to reflect its actualization of its West Africa reach and to signal its foothold in Africa through acquisition of Mixta Africa.
Ogundare, further stated ‘ARM started as a company offering private wealth management services to a niche market of high net worth individuals; twenty one years on, we have evolved into a diversified and integrated asset management company with a focus on providing investment solutions to retail, high net worth and institutional investors. The business we started with over two decades ago is now a subset of one of the several businesses in the ARM Group, she said.
The Company embarked on a business reorganization exercise, aimed at leveraging the strengths of its core businesses, positioning the Company better operationally and increasing efficiency across the Group.
Sadiq Mohammed, Deputy CEO said the ARM Group has built a diversified and integrated asset management and funds business through organic growth and acquisitions over the years. The Company caters to the entire financial life cycle of an individual, from early life investments to wealth creation, accumulation, consolidation and distribution to the next generation, he said.
He explained that the ARM Group structure is two pronged- traditional asset management and the funds business.
In its traditional asset management operations comprise, ARM Investment Managers Ltd, its pioneer company in 1994, started with private wealth management service to HNIs but have now grown to serve a larger client base including retail investors and institutions offering traditional and alternative investment options; ARM Life plc, which acquired Crystal Life Assurance in 2012 and provides pure Life Insurance; ARM Securities Ltd, a world class brokerage firm which is the product of acquisition of Hamilton Hammer & Co. Limited (“HH”) in 2008; ARM Pensions Ltd, one of the 1st set of PFAs licensed in Nigeria, now the second largest with over 600,000 customers; ARM Trustees Ltd – established in 1997 to complement private wealth management service, and ARM Financial Advisers Ltd –this is the sales platform for ARM’s retail businesses
The funds businesses focus on specific growth sectors of the economy and they include: ARM Capital Partners; ARM-Harith Infrastructure Investment Company; Mixta Africa plc and ARM Agriculture Fund.
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