GTBank divests GTB Asset Management Ltd

GTB Asset Management is now Investment One Financial Services Ltd.

GTBank has divested its GTB Asset Management Ltd in line with a 2010 directive of  the Central Bank of Nigeria.

The Managing Director of GTB Asset Management, Nicholas Nyamali, disclosed this at a news conference in Lagos on Friday.

He said that the divestment was to enable GTBank concentrate on core commercial banking.

According to Mr. Nyamali, following the buy-out, GTB Asset Management Ltd is now known as Investment One Financial Services Ltd.

“Investment One Financial Services Ltd is now owned by the staff and management of the company as well as some select investors.

“The name reflects the firm’s strategic positioning as a service oriented firm that is responsive to the investment needs of its customers,” he said.

The managing director said that the company’s desire was to be a one-stop shop for comprehensive investment services and innovative financial solutions.

Mr. Nyamali said that the company would introduce investment innovations to increase the participation of Nigerians in the investment space.

He said that the company would strengthen its investment education strategies to ensure rightful investment decisions.

“It is when people are informed that they will be able to make the right investment decision,” Mr. Nyamali said.

The apex bank has directed commercial banks should divest their non-banking subsidiaries.


NEVER MISS A THING AGAIN! Subscribe to our newsletter

* indicates required


Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.