The transaction allows the Group to refocus its investment management and investment banking services to its wealth management and corporate customers
Investment One Financial Services Limited (Investment One), a leading financial services group in Nigeria, has announced the sale of its subsidiaries, Investment One Funds Management Limited and Investment One Pension Managers Limited, to Guaranty Trust Holding Company Plc.
The transaction represents the next chapter in the strategic development of Investment One Financial Services.
The transaction allows the Group to refocus its investment management and investment banking services to its wealth management and corporate customers while enabling its retail customers to take advantage of the network and service platforms of GTCO in the management of their mutual funds.
The directors and executive management of Investment One are certain the transfer is a step in the right direction for the Group. It expects the transition to be seamless considering the cultural and operational similarities between the group and their former parent company now represented by GTCO.
Group CEO of Investment One, Mr. Nicholas Nyamali, expressed his pleasure that the Group could be instrumental to GTBank’s strategy to adopt a holding company’s structure while offering the mutual funds and pension customers a more extensive service platform.
He said: We are pleased that our subsidiary businesses will become part of our former 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 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 while pursuing the next phase of our strategy to expand our business operations internationally.