With a cumulative net asset value of over N5.9 trillion, Nigeria’s asset management industry is a critical pillar of the country’s financial services ecosystem.
Asset management companies (AMCs) not only facilitate wealth creation for individuals, corporates, and institutions, but also serve as key channels for capital allocation across the economy fueling infrastructure, innovation, and industrial growth.
These firms typically structure their portfolios across money market funds, equity funds, fixed-income funds, and balanced/mixed funds, offering a diverse range of investment vehicles for varying investor needs and risk appetites.
Money market funds provide safety and liquidity; equity funds offer high-risk, high-reward growth; fixed-income funds deliver stability and predictable returns; and balanced funds combine both approaches.
In this feature, the Net Asset Value (NAV) of all collective investment schemes (CIS) as of 20th June 2025 has been used as a proxy to highlight the scale and performance of Nigeria’s leading asset managers and the strategic executives behind them.
- NAV: N204.7 billion
Kelvin F.B. Biiranee was appointed Managing Director of Guaranty Trust Fund Managers Limited, a non-banking subsidiary of GTCO Plc, in July 2022. With over 20 years of experience across wealth management, auditing, and banking, he has held leadership roles in operations, retail, corporate, and institutional banking during his 18-year career in the financial sector.
A graduate of the University of Port Harcourt, where he was the best graduating student from the Faculty of Management Sciences, Kelvin also studied at the University of Lagos, the University of Manchester, and the University of Warwick. He is an alumnus of the Advanced Management Programme at Lagos Business School and IESE Business School, Spain.
He is a Fellow of ACCA, ICAN, CIBN, and CITN, and a Member of the Chartered Institute for Securities & Investment (MCSI). He is also a SEC-licensed Fund/Portfolio Manager and Corporate Investment Adviser.
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