Stanbic IBTC Pension Managers Limited has been awarded an Initial Management Quality Rating of MQ2(NG)(mq) with a stable outlook by Global Credit Ratings (GCR).
The company proudly announced this achievement, emphasizing its unwavering dedication to excellence in all aspects of its operations.
GCR, a Renowned Rating Agency with expertise in assessing the creditworthiness of Financial Institutions, Corporates, and Government Entities, has established itself as a leading Authority in Africa.
GCR utilizes a Management Quality (MQ) Rating system, which ranges from the highest Rating of ‘MQ1’ to the lowest Rating of ‘MQ5.’ These Ratings serve as indicators of an entity’s Organizational structure, risk Management capabilities, and Operational controls. They provide insights into an Organization’s overall Quality, Management Characteristics, and Operating Practices.
Stanbic IBTC Pension Managers highlighted that the MQ2 Rating assigned to them signifies the Institution’s strong Management team, robust Organizational Structures, adequate controls, and sound risk Management Practices. It also validates the Company’s clear strategy and solid Financial position.
Dr. Demola Sogunle, Chairman of the Board of Directors of Stanbic IBTC Pension Managers, expressed great satisfaction with the Rating, stating that it serves as evidence of the Company’s commitment to achieving Excellence in all areas of its Operations.
“We are extremely delighted to receive this Rating from GCR, as it recognizes our concrete efforts to uphold the highest standards of corporate governance, risk Management, and Financial performance,” commented Dr. Demola.
Olumide Oyetan, Chief Executive of Stanbic IBTC Pension Managers, attributed the Rating and the Organization’s success to its unwavering commitment to better serving Customers without compromising Operational excellence.
