Strong safeguards have been put in place by Stanbic IBTC Asset Management to protect its clients from an alarming increase in scam efforts that target holders of mutual funds. The business has started a strategic effort to inform clients about safeguarding their investments and knowing the proper protocols for mutual fund subscriptions in response to this trend.
Enquiries concerning the legitimacy of messages pertaining to mutual fund subscriptions have increased recently. Investors may become confused and concerned as a result of the fact that many of these messages contain inconsistent and perhaps inaccurate account numbers. In reaction to these worries, Stanbic IBTC Asset Management started a campaign to alert consumers by offering correct information and security advice to lessen the possibility that they would become victims of fraud.
The campaign has established three main objectives: first, to educate customers about the mutual fund subscription process by providing precise and accurate information that empowers them to make informed decisions. Second, it aims to ensure that customers verify the payment accounts for any Stanbic IBTC mutual fund investments, encouraging due diligence in confirming the legitimacy of financial communications.
Lastly, the campaign seeks to raise awareness of scam attempts that may mislead customers into using incorrect account details, highlighting the tactics used by scammers to keep customers informed and vigilant.
Busola Jejelowo, the Chief Executive of Stanbic IBTC Asset Management, recently addressed the importance of a new initiative to safeguard customers in an increasingly complex financial landscape. “At Stanbic IBTC, our top priority is our customers’ financial safety, and we are fully committed to ensuring that our clients have the security they need while managing their investments. This campaign is designed to protect our customers and empower them with the knowledge necessary to recognise and verify the authenticity of any communications they receive. By doing so, we aim to foster a sense of confidence and security among our clients regarding their financial decisions,” she stated.
Stephen Okonkwo (L), one of the winners in the InvestBeta Game Show with Yinka Johnson, Executive Director, Business Development, Stanbic IBTC Asset Management, during the Stanbic IBTC Asset Management InvestBeta Game Show season one prize presentation held recently at Stanbic IBTC Towers, Victoria Island, Lagos.
The initiative emphasises the need for awareness and vigilance, particularly concerning suspicious communications. Stanbic IBTC Asset Management strongly encouraged all customers to be cautious and verify any unexpected requests for fund transfers, especially if they send money to unlisted account numbers. This proactive approach is crucial in preventing potential fraud and protecting assets.
In addition, the company has made it clear that customers should not hesitate to contact the support team directly with any concerns, questions, or suspicions regarding communications or transactions. Please contact Asset Management and Investment Solutions at 02012801266, 02012805595, 0700MUTUALFUNDS (0700688825 38637) or mutualfunds@stanbicibtc.com
Stanbic IBTC Asset Management hopes to strengthen their commitment to their clients’ financial security by fostering trust and certainty through this campaign.
