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: N513.5 billion
Wale Odutola is the Group Chief Executive Officer of ARM Holding Company, a role he assumed in July 2025 following his appointment as part of a strategic leadership transition. With nearly three decades of experience in Nigeria’s financial services sector, Odutola brings a wealth of expertise in asset management, pensions, real estate, and investment advisory.
Before becoming Group CEO, he served as Executive Director at ARM HoldCo and was previously the Managing Director of ARM Pension Managers (PFA) Ltd from 2015 to 2024. Under his leadership, ARM Pensions grew to become one of Nigeria’s largest and most respected pension fund administrators. He also held the position of Managing Director at ARM Properties Plc (2011–2014) and served as First Vice President at ARM Investment Managers (2008–2010).
Odutola holds a bachelor’s degree in accountancy from the University of Lagos and is an alumnus of the General Management Program (GMP 18) at Harvard Business School. His extensive experience across the ARM Group and proven leadership capacity make him well-positioned to drive the firm’s next growth phase, focused on innovation, performance, and value delivery
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