GTCO boost s operation with acquisitions of Investment One Funds Management, Investment One Pensions Managers
BY Kayode Ogunwale
In its bid to become strongest financial institution in Nigeria, Guaranty Trust Holding Company Plc (GTCO) has acquired Investment One Funds Management Limited and Investment One Pensions Managers Limited.
GTCO announced the completion of 100 percent acquisition of the duo financial institutions on Monday to the Nigerian Exchange Limited.
Commenting on the completion of the Acquisition, Mr. Segun Agbaje, Group Chief Executive Officer of GTCO Plc said “We are excited about our foray into the wealth management space, as it provides us with the opportunity of becoming a one-stop shop for financial services and products that will empower our customers through the course of their lives. We will focus on replicating our digital-first customer-centric retail strategy to create distribution channels for wealth solutions that we will offer, to both institutional and retail clients.
He further stated that, “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 largest global wealth managers in the areas of disclosure, corporate governance and regulatory compliance”.
The new subsidiary will provide GTCO Plc the platform to provide technology driven Funds and Investment Management Services designed to meet the unique investment needs of retail and corporate investors, Agbaje said.
He noted that all regulatory approvals have been obtained for the acquisition and commencement of operations of the Company.