Investment One Financial Services Limited, a leading financial services group in Nigeria, has announced the sale of its mutual fund and pension subsidiaries, to the Guaranty Trust Holding Company Plc
This, according to the firm, the sale is strategic as Investment One will be focusing on the provision of wealth management, investment banking through enhanced digital services.
The next phase for the future is to expand operations internationally with the aim of becoming a Pan-African company.
The transaction represents the next chapter in the strategic development of the Investment One Group. It allows the Group to refocus its investment
management and investment banking services to its individual and corporate customers while enabling its retail customers in the pension and mutual fund businesses to take advantage of the network and service platforms of GTCO in the management of their pension and mutual funds.
The Directors and Management of Investment One are certain that the transfer is a step in the right direction for the Group. They expect the transition to be seamless, considering the cultural and operational similarities between
the Group and GTCO (their former parent company).
The Group Chief Executive Officer, Investment One, Nicholas Nyamali, expressed his pleasure that the Group was instrumental in GTBank’s strategy to adopt a holding company structure while offering the mutual funds and pensions customers a more extensive service platform. “We are pleased that our former subsidiary
businesses will become part of our previous parent company group and we are confident our former customers will continue to enjoy excellent services.
After the transfer to GTCO,
which is based on a company with a common heritage built on professionalism, service excellence and innovation. Upon completion of the transaction, Investment One Financial Services Group will continue to offer investment management, investment banking, and robust digital services to its customers, while pursuing the next phase of our strategy
to expand our business operations internationally.’’
