REG - Guaranty Trust Hldng - GTCO Acquires Investment One Pension Managers Ltd.

Guaranty Trust HoldingAnnouncement

07/02/2022 13:00

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RNS Number : 9196A  Guaranty Trust Holding Company PLC  07 February 2022

 

Guaranty Trust Holding Company plc

 

Acquisition of Investment One Pensions Managers 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
Pensions Managers Limited ("the Acquisition").

 

Commenting on the completion of the Acquisition, Mr. Segun Agbaje, Group Chief
Executive Officer of GTCO said "This acquisition is in line with the evolution
of the Guaranty Trust brand in becoming a fully-fledged financial services
company, with the capabilities and drive to deliver end-to-end financial
services to every African and African business. With over 30 years of being a
trusted banker to millions of Nigerians and expertise in capital allocation to
generate the highest yields for our customers and shareholders; the Pension
Fund business is a natural fit for the Guaranty Trust brand. Also, our bias
for the highest standards in corporate governance will ensure transparency in
how we manage the funds under our management, which will ultimately make us
the preferred Pension Fund Administrator, not only in the Nigeria market, but
also in Africa".

He further stated that, "Whilst evolving as an organization, we remain
committed to our founding values of excellence, hard work and integrity, as we
continue to build a Proudly African and Truly International brand for millions
of people in and outside of Africa".

 

Following the completion of the Acquisition, the new subsidiary will function
primarily as a Pension Fund Administrator to the general public.

 

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

 

Thank you.

 

For: GUARANTY TRUST HOLDING COMPANY PLC

 

 

ERHI OBEBEDUO

 

Enquiries:

 

Oyinade Adegite

Head, Group Corporate
Communication
+2341-2715227

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

 

 

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