Lagos Nigeria - February 07, 2022:
Guaranty Trust Holding Company
plc (GTCO plc), is pleased to inform The Nigerian Exchange Limited and the
investing public of the completion of the acquisition of 100% shares in Investment
One Pensions Managers Limited (“the Acquisition”).
Commenting on the completion of
the 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 the capabilities and
drive to deliver end-to-end financial services to 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 Nigeria market but also in Africa”.
He further stated that “Whilst
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 primarily as a Pension Fund Administrator to
the general public.
All regulatory approvals have
been obtained for the Acquisition and commencement of operations of the Pension
Manager Company.
Thank you.
For: GUARANTY TRUST HOLDING COMPANY PLC
ERHI
OBEBEDUO
Enquiries:
Oyinade
Adegite
Head, Group Corporate Communication
+2341-2715227
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