GTB Asset becomes Investment One

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GTB Asset Management Ltd, hitherto owned by GTB has been rechristened Investment One Financial Services Limited.

Its managing director,Mr Nicholas Nyamali disclosed this at a news conference in Lagos on Friday.

GTB had divested from the GTB Asset in 2010 in line with the Central bank of Nigeria directive to commercial banks, to enable them concentrate on core commercial banking.

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

“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.

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,” Nyamali said.

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

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