MON 07 FEB, 2022-theGBJournal- Guaranty Trust Holding Company plc (GTCO Plc) today announced its acquisition of a 100% shares in Investment One Funds Management Limited (IOFML) , a wholly owned subsidiary of Investment One Financial Services Limited, licensed by Securities and Exchange Commission (SEC) to manage Mutual Funds/Collective investment Schemes.
GTCO said all regulatory approvals have been obtained for the acquisition and commencement of operations of the Company.
GTCO in statement to the NGX Exchange Group (NGX) said the new subsidiary will provide it the platform to provide technology driven Funds and Investment Management Services designed to meet the unique investment needs of retail and corporate investors.
‘’We are excited about our foray into the wealth management space, as it provides us the opportunity of becoming a one-stop shop for financial services and products that will empower our customers through the course of their lives,’’ says Mr Segun Agbaje, Group Chief Executive Officer.
Agbeje said they will focus on replicating their digital-first customer-centric retail strategy to create distribution channels for wealth solutions that they will offer, to both institutional and retail clients.
According to Mr Agbaje, ‘’as a dominant leader in financial services, we are positioned to add significant value to the asset management business in Nigeria and compete favourably with the largest global wealth managers in the areas of disclosure, corporate governance and regulatory compliance.’’
Twitter-@theGBJournal|Facebook-The Government and Business Journal|email: govandbusinessj@gmail.com|
