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Momentum Asset Management Namibia and Momentum Investments have formally launched a newly refreshed brand.
Speaking at the launch of the new brand , managing executive of Momentum Asset Management South Africa, Sibusiso Mabuza said: “The intention is not to change fundamentally who we are or how we manage our client’s assets. The new look and feel seeks to represent the changes we have gone through as an organisation and strengthen our identity.”
Until recently Momentum Asset Management Namibia was known as RMB Asset Management Namibia. However, as a result of the merger between Metropolitan Life and Momentum Holdings in South Africa and the subsequent unbundling from the FirstRand group, the newly-merged business (MMI Holdings) decided to re-brand all its investments-related businesses.
“This gave the company the opportunity to align its investment business with the strong Momentum brand and the ethos it embodies,” said Mabuza.
He added that the integrity and structure of the business, investment philosophy and people are considered the company’s greatest strength and they remain intact and sacred.
“The vision of the company is to become the asset manager of choice for all stakeholders, clients, staff and our shareholders. We hope to reaffirm our commitment to the development of a strong asset management business in Namibia that always puts clients first, delivers on client’s expectations and does so mainly from its Namibian address.”
Lesley Rukoro, CEO of Momentum Asset Management Namibia said the company have made significant strides since 2005 as they now oversee N$5.2 billion worth of investors’ funds.
“It is a responsibility we take very seriously,” he said.
“With the recent merger of Momentum and Metropolitan in South Africa, we became a part of this bigger full service investment house. The merged asset management business of Momentum and Metropolitan is now known as Momentum Asset Management. We are excited to align ourselves to this entity and are equally thrilled about the future prospects for the company here in Namibia,” he added.
The name change will also assist to resolve confusion caused by the recently launched RMB Namibia.
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