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    GTCO Completes Acquisition of One Funds Management

    Olu AnisereBy Updated:No Comments2 Mins Read
    GTCO Completes Acquisition of One Funds Management

    GTCO Completes Acquisition of One Funds Management

    Guaranty Trust Holding Company Plc (GTCO Plc) has announced the completion of the acquisition of 100 per cent shares in Investment One Funds Management Ltd., a wealth management company.

    This is contained in a notice signed by Erhi Obebeduo for GTCO sent to the Nigerian Exchange Ltd. on Monday in Lagos. Mr Segun Agbaje, Group Chief Executive Officer of GTCO Plc, said in the notice: “We are excited about our foray into the wealth management space.

    “It provides us with the opportunity of becoming a one-stop-shop for financial services and products that will empower our customers. We will focus on replicating our digital-first customer-centric retail strategy to create distribution channels for wealth solutions that we will offer to both institutional and retail clients.”

    He said with the acquisition, the bank had been positioned to add value to the asset management business in Nigeria and compete favourably with global wealth managers.

    According to the notice, the new subsidiary will provide GTCO with the platform to offer technology-driven funds and investment management services designed to meet the unique investment needs of retail and corporate investors.

    It added: “All regulatory approvals have been obtained for the Acquisition and commencement of operations of the Company.”

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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