Following the completion of the acquisition of 100 percent shares in Investment One Pensions Managers Limited, Guaranty Trust Holding Company plc (GTCO Plc) has announced that the new subsidiary would function primarily as a Pension Fund Administrator to the general public.
In a notice to the Nigerian Exchange Limited (NGX) on Monday, Group Chief Executive Officer of GTCO, Mr Segun Agbaje noted that the 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.
Investors King gathered that Investment One Funds Management Limited is a subsidiary of Investment One Financial Services Limited.
“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 said.
According to him, the organization remains committed to its founding values of excellence, hard work and integrity.
Investors King recalls that GTCO, formerly Guaranty Trust transitioned to a Holding Company Structure in 2021. The transition, according to the group, is in view of the trends in financial services and is in line with its vision of creating more value beyond banking for its customers, the communities and all stakeholders.
“The Holding Company Structure will enable our organization to operate a corporate centre known as Guaranty Trust Holding Company Plc that will be responsible for setting strategic direction, providing group-wide oversight, and aligning corporate governance and management roles for all our businesses which will extend beyond banking to include other financial services.
“As a Holding Company, GTCO Plc will set up new businesses that will offer you more value beyond banking. As your bank, we have always been committed to serving you simpler, cheaper and faster. With the new Holding Company Structure, we will be able to go past our previous limits to play a deeper role in making life simpler and more enriching for you”, the company had said.