Nigerian Based GTCO Completes Acquisition of Asset Management and Pension Fund Businesses

One of Nigeria’s biggest financial powerhouses, Guaranty Trust Company Plc (GTCO), owners of Guaranty Trust Bank (GTB) has announced the completion of its acquisition of Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM). This was done after meeting all regulatory requirements making both companies fully owned subsidiaries of Guaranty Trust Company Plc.

Guaranty Trust Company Plc
Guaranty Trust Company Plc

With this development, the organization has recorded an important milestone in the corporate reorganization that the Group announced in July 2021 highlighting its evolution from a pure play banking franchise to actualizing our vision of creating an ecosystem of financial services that will enable us to offer you greater and more rewarding experiences. With over 26 million customers and a growing presence in Nigeria, West Africa, East Africa, and the United Kingdom, the Group is well positioned to expand its reach to serve more markets and deliver on its promise of championing Africa’s growth.

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Going forward, its products and services will include innovative Pension Fund and Wealth Management solutions alongside the existing Banking products and services. What this means is that the Group can now offer the full range of your financial needs – from banking services to wealth management and pension solutions in one seamless experience.

Kelechi Deca

Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry