Guaranty Trust Holding Company (GTCO) Plc has bought over two subsidiaries of Investment One Financial Services Limited which are Investment One Pensions Managers Limited, and Investment One Funds Management Limited (IOFM)
The 100 per cent acquisition of the pension fund and investment companies makes them subsidiaries of GTCO Plc.
The notice of both acquisitions was filed with the exchange, informing the investing public of the group’s recent developments.
Commenting on the acquisition, the chief executive of GTCO Segun Agbaje said: “We are very excited to get started on the next phase of our incredible journey to driving Africa’s growth by making end-to-end financial services easily accessible to every African and African Businesses by leveraging Technology and Strategic Partnerships. As a bank, we were always looking to meet every customer need; with our corporate reorganization, we will be able to do more to help our customers thrive in this new world of digital technologies and unprecedented possibilities.”
He added that as a proudly African and international brand, GTCO “will continue to live by these values — of excellence, hard work and integrity, even as we create faster, cheaper, safer and products for people and businesses through every stage of life.”
Investment One Pensions Managers Limited is licensed by the Nigerian Pensions Commission (PenCom) to operate as a pension fund administrator in Nigeria. On the other hand, IOFM is licensed by the Securities and Exchange Commission (SEC) to undertake fund management and investment services on behalf of clients and manage collective investments schemes as a corporate investment adviser.
