BY NKECHI NAECHE-ESEZOBOR–Guaranty Trust Holding Company Plc (GTCO) says it has completed the acquisition of 100 percent shareholding in two subsidiaries of Investment One.
The subsidiaries are Pension Managers and Investment One Funds Management.
According to statement released by the bank that “Investment One Financial Services Limited has completed the sale of two of its subsidiaries, Investment One Funds Management Limited (IOFM) and Investment One Pension Managers Limited (IOPM) to Guaranty Trust Holding Company Plc (GTCO Plc). By this exit, IOFM and IOPM have become subsidiaries of GTCO Plc.”
The process leading to the sale of the subsidiaries was a result of a review of our strategic goals and GTBank/GTCO’s restructuring into a holding company. The sale will enable us focus on delivering more value to our wealth management and investment banking customers as well as focus on executing our international expansion plans.
Investment One Financial Services will continue to provide exceptional Wealth Management, Securities Brokerage, Investment Banking, Trust and Digital Banking services via robust digital platforms while pursuing the next phase of our strategy to expand our business operations internationally.
