• Business - Companies
  • Updated: February 07, 2022

GTCO Acquires Investment One Funds Management Limited

GTCO Acquires Investment One Funds Management Limited

Guaranty Trust Holding Company Plc took ownership of Investment One Funds Management Limited.

A circular was sent to the management of the Nigerian Stock Exchange and the investing public to that effect.

This can be seen in the corporate disclosure section of the official website of the Nigerian stock exchange, www.ngxgroup.com.

Writing on behalf of GTCO, Erhi Obebeduo said that the company had completed the acquisition of 100 percent of shares in Investment One Funds Management Limited.

Segun Agbaje, the Group CEO of GTCO, said, "We are excited about our foray into the wealth management space, as it provides us with the opportunity to become a one-stop shop for financial services and products that will empower our customers throughout the course of their lives.

"We will focus on replicating our digital-first customer-centric retail strategy to create distribution channels for wealth solutions that we will offer to both institutional and retail clients."

"As a dominant leader in the financial services sphere, we are positioned to add significant value to the asset management business in Nigeria and compete favourably with the largest global wealth managers in the areas of disclosure, corporate governance, and regulatory compliance."

The new subsidiary will provide GTCO Plc with the platform to provide technology-driven funds and investment management services designed to meet the unique investment needs of retail and corporate investors.

All regulatory approvals have been obtained for the acquisition and commencement of operations of the company.

With this acquisition, Investment One Funds Management Limited will be tapping into the abundance of funds to invest profitably and wisely in a number of assets.

Who is Investment One Funds Management Limited

Investment One Funds Management Limited (IOFML) is a wholly-owned subsidiary of Investment One Financial Services Limited and is licensed by the Securities and Exchange Commission (SEC) to manage mutual funds and collective investment schemes.

IOFML also provides investment products that are tailored to meet the unique investment needs and goals of its clients, which include retail and institutional investors.

IOFML currently acts as fund manager for three public mutual funds and several individual and corporate investment portfolios, namely, the Vantage Guaranteed Income Fund, the Vantage Balanced Fund, and the Abacus Fund.

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