Guaranty Trust Holding Company plc (GTCO Plc) has announced that it has acquired 100% of the shares of Investment One Funds Management Limited and Investment One Pensions Managers Limited.
The holding company said the acquisition is in line with its business scope to provide expanded services to its customers.
In a statement signed by Group Corporate Communication, GTCO, Oyinade Adegite, the company said the Nigerian Exchange Limited (NGX) had been notified, adding that all regulatory approvals had been obtained for the acquisition and commencement of operations of the companies. .
“Guaranty Trust Holding Company Plc (GTCO plc) is pleased to inform The Nigerian Exchange Limited and the investing public of the completion of the acquisition of 100% of the shares of Investment One Funds Management Limited,” GTCO said.
Commenting on the completion of the acquisition, Group Managing Director of GTCO Plc, Mr. Segun Agbaje, said: “We are excited about our foray into the wealth management space as it presents us with the opportunity to become a one-stop shop for financial services and products that will enable our clients to thrive throughout their lives.
“We will focus on replicating our customer-centric, digital-driven retail strategy to create distribution channels for the wealth management solutions we will offer, both to institutional and retail clients. individuals.
“As a dominant leader in financial services, we are positioned to add significant value to the asset management business in Nigeria and compete favorably with the world’s largest wealth managers in the areas of disclosure, governance corporate and regulatory compliance.”
Agbaje added: “This acquisition is part of the evolution of the Guaranty Trust brand into becoming a full-fledged financial services company with the capabilities and drive to provide end-to-end financial services to all businesses. Africans and Africans. With over 30 years of experience as a trusted banker to millions of Nigerians and expertise in capital allocation to generate the highest returns for our clients and shareholders; the Pension Fund business is a natural complement to the Guaranty Trust brand. In addition, our preference for the highest standards of corporate governance will ensure transparency in the way we manage the funds under our management, which will make us the preferred pension fund administrator, not only on the Nigerian market, but also in Africa.
On his part, Investment One Pensions Managers Limited, he added: “Guaranty Trust Holding Company plc (GTCO Plc), is pleased to inform The Nigerian Exchange Limited and the investing public of the completion of the acquisition of 100% of the shares of Investment One Pensions Managers Limited (the “Acquisition”).