Guaranty Trust Holding Company Plc. has announced the completion of the acquisition of 100% shares in Investment One Funds Management Limited.
Commenting on the completion of the acquisition, Group Chief Executive Officer of GTCO Plc, Segun Agbaje, expressed satisfaction with the banks decision to enter the wealth management business.
In his words: “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.
“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”. He said.
According to the GTCO CEO, all regulatory approvals have been obtained for the acquisition and commencement of operations of the Company.
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.
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