Guaranty Trust Holding Company Plc has notified the Nigerian Exchange and the investing public of the complete acquisition of 100% shares in Investment One Pension Managers Limited.
Commenting on the completion of 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 capabilities and drive to deliver end to end financial services 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 Nigerian capital market, but also in Africa.
He further stated that “While 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 as a Pension Funds Administrator to the general public.
All regulatory approvals have been obtained for the acquisition and commencement of operations.