Guaranty Trust Holding Company Plc (GTCO Plc or the Group) (GTCOplc.com), a diversified financial services provider, announced today that it has completed the acquisition of Investment One Pension Managers Limited (IOPM) and Investment One Funds Management Limited (IOFM) from Investment One Financial Services Limited (IOFS or the Seller).
The Nigerian Pensions Commission (PenCom) has granted IOPM a license to operate as a Pension Fund Administrator in Nigeria. IOFM, on the other hand, is a corporate investment adviser authorised by the Securities and Exchange Commission (SEC) to administer collective investment schemes and provide fund management and investment services on behalf of customers.
The Seller is registered with the Securities and Exchange Commission (SEC) and provides a variety of services, including investment management, trust services, financial advisory services, security brokerage, and pension fund management. The Companies are now totally owned subsidiaries of GTCO Plc, and they are no longer subsidiaries of the Seller.
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