FDC - Pension & Provident Fund

In providing an independent and dispassionate analysis of a fund’s performance, the use of financial advisers has become prevalent amongst institutional investors.

These services are employed mainly to complete the role of the in-house managers, providing useful tips and recommendations, whilst reviewing the fund’s implementation, strategic and overall objectives. Our pension fund management is bi-dimensional depending on the level of service required by an organization i.e. Management of pension funds by investing in different classes of assets.
Our client base cuts across many sectors. Example of the companies we have dealt with are:

Nigerian Breweries Plc: An affiliate of Heineken with a market capitalization of N25bn, the company has 75% controlling share of the beer market with popular brands such as Star, Gulder, etc. Its 1999-2000 full year results show a turnover of N9.15bn and PAT of N2.13bn.

Nigerian Tobacco Plc: NTC is a subsidiary of British America Tobacco Co. Plc. It is a leading manufacturer and marketer of cigarettes. Amongst its popular brands are Sweet Menthol.

Westminster Dredging Nigeria Ltd: An affiliate of Royal Boskalis Westminster NV of the Netherlands, with a 40 % share holding. Royal Boskalis Westminster NV is a specialist, world-wide dredging contractor with a large and varied fleet of some 300 vessels. The company is a versatile and widely respected operator in the international dredging market, maintaining a network of offices, workshops and repair yards in more than 35 countries spread five continents. Boskalis has been listed on the Amsterdam Stock Exchange since 1972. The company’s turnover tripled in the last decade to cross the NLG 1.5bn mark in 1997. To further consolidate its position in the market for dredging and reclamation activities in Nigeria, Westminster Dredging Nigeria Ltd., recently acquired the Nigerian Dredging Company.

Delta Glass Industries: An affiliate of Nigerian Bottling Company Plc which belongs to the Hellenic Group. Hellenic is a subsidiary of Leventis Group and of the largest public companies in Greece.

Delta Glass Industries manufactures glass ware and other packaging materials. It controls about 40% of the market share.

Shell Trustees: Shell Trustees is an institutional investor affiliated to Shell Petroleum Development Company, the largest Oil Exploration and Production company in Nigeria.