REG - Guaranty Trust Hldng - GTCO Acquires Investment One Funds Management Ltd.

Guaranty Trust HoldingAnnouncement

07/02/2022 13:05

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RNS Number : 9203A  Guaranty Trust Holding Company PLC  07 February 2022

Guaranty Trust Holding Company plc

 

Acquisition of Investment One Funds Management Limited

 

Lagos Nigeria - February 07, 2022: 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% shares in Investment One
Funds Management Limited ("the Acquisition").

 

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.

 

All regulatory approvals have been obtained for the Acquisition and
commencement of operations of the Company.

 

Thank you.

 

For: GUARANTY TRUST HOLDING COMPANY PLC

 

 

 

ERHI OBEBEDUO

 

Enquiries:

 

Oyinade Adegite

Group Corporate
Communication
+2341-2715227

holdcocommunication@gtcoplc.com (mailto:holdcocommunication@gtcoplc.com)

 

 

 

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