Guaranty Trust Holding Company Plc announced on Monday that it had completed the acquisition of 100 percent shares in Investment One Funds Management Limited.
The holding company for Guaranty Trust Bank Limited said in a statement that all regulatory approvals had been obtained for the acquisition and commencement of operations of the company.
“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,” the Group Chief Executive Officer, GTCO, Mr Segun Agbaje, said.
“We will focus on replication our digital-first customer-centric retail strategy to create distribution channels for wealth solutions that we will offer, to both institutional and retail clients.”
GTCO said the new subsidiary would provide it the platform to provide technology-driven funds and investment management services designed to meet the needs of retail and corporate investors.