By Nse Anthony-Uko
(Sundiata Finance) – After 10 years of successful operation in the Nigerian Pension Fund market, Sigma Pensions Limited, a leading pensions fund administrator said it is set to raise its asset under management from the current N310 billion to N600 billion within the next couple of years.
The Managing Director/Chief Executive Officer of Sigma Pensions Limited Mr Dave Uduanu disclosed this at a ceremony to unveil the new corporate image of the company in Abuja on Tuesday.
“We recently grew our Asset under Management to N310billion and we are ready for the next milestone of achieving N600b in the next few years, Mr. Uduanu stated.
“Now that we have reached and exceeded the milestone of N310bn, we are braced for the next challenge which is to achieve an AUM of N600bn through organic growth within the next few years. By 2020, we aim to be a more productive and profitable organisation and we look forward to embarking on this journey with you,” he added.
Explaining the rationale behind the rebranding, Uduanu said, “In 2015 Sigma attracted ACTIS, a Private equity fund, as a Core Investor and together with the Founder and management, ACTIS executed a land mark management buy-in transaction which still represent one of the largest Private equity Investment in Nigeria at close to US$100million.”
“It is as a result of the new ownership that we have decided to rebrand as part of the evolution of the New Sigma,” he stated.
Expatiating further he said, ”Having successfully navigated the first ten years with a strong focus on the Public sector, the board of Sigma Pensions decided to refresh and relaunch the brand to retain its attractiveness to our current customers and also to appeal to the emerging young millennials who are just entering the work force.”
“The new refreshed logo symbolizes who we are today and showcases our dynamic futuristic approach to our business. Sigma Pensions has an energized and rebranded team of competent thought leaders to actualize our goals and we reiterate our commitment to consistently deliver value to all our stakeholders, he stated.
Speaking on what customers should expect, the CEO said, “At Sigma, we are at the forefront on the drive of the Pension industry to a new height based on our core strategies of brand repositioning, strong marketing communication; ethical approach to business and thought leadership in the investment management space. We promise to lead with trust and integrity.”