Determined to consolidate on its new status as a holding company, Guaranty Trust Holding Company Plc has acquired two subsidiaries of Investment One Services Limited, (IOSL)
Group Managing Director of the IOSL, the action will also enable them to focus on delivering more value to their wealth management and investment banking customers as well as focus on executing international expansion plans.
Specifically, the market closed in negative territory by 0.16% as NGX-ASI closed at 47,203.39pts.
The Monday’s trade saw market breadth index being neutral with 23 gainers against 23 losers
Sunuassur (+10.00%) was the top gainer while Okumuoil, (-10.00%) led the losers table.
However, GTCO (-0.55%) was the most actively traded stock with about 45million units of shares worth about N1.23billion.
The Investment research analysts expect investor’s sentiments to be swayed by the search for real positive returns and developments in the interest rate space, going forward.
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.
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.“