Investment One Financial Service Limited has grown funds under its management by 300 per cent in the last 12 months, the Managing Director/Chief Executive Officer of the company, Mr. Nicholas Nyamali, has said.
Investment One, formerly known as GTB Asset Management Limited is a leading financial services institution in Nigeria registered with the Securities Exchange Commission (SEC). The firm provides asset management, trusteeship, securities brokerage and financial advisory services to individual and corporate clients.
Speaking at the company’s second seminar on the Nigerian capital market organised last week for institutional investors in Lagos, Nyamali disclosed that funds under management rose from N6.577 billion June 2012 to N26.546 billion June this year.
He explained that the growth has been mainly organic driven by institutional clients, high networth individuals and recent acquisition of some new firms/funds.
The CEO noted that the company’s focus was to become a one-stop investment services shop rendering excellent customer service with commitment to client objectives powered by dedicated and professional members of staff.
According to him, it was the need to attain one stop investment services shop that informed some of the recent acquisitions the firm made.
Investment One acquired fund and management rights from Fidelity Bank Plc of the Nigerian International Growth Fund (NIGFUND), a mutual fund of over N3 billion in size.
It also acquired 99.9 per cent of Kakawa Asset Management Limited, which owns Kakawa Guaranteed Income Fund. The company has acquired Royal Trust Pension, a pension fund administrator.
Highlighting some of the achievements of Investment One, Nyamali said the firm received an award for being one of the top 50 Fast Growing firms in Nigeria in last March.
He added that Investment One Stockbrokers International Limited attained top 10 ranking among stockbroking firms by volume and value on the Nigerian Stock Exchange in 2012 and is one of the only companies to be licenced by NSE to function as Fixed Income Market Makers (FIMMs), Supplementary Market Makers and Designated Adviser.
As one of the 12 companies appointed as supplementary market makers, the company will provide two-way quotes for a basket of 10 stocks made up of United Bank for Africa Plc, Access Bank Plc, Zenith Bank Plc, Flour Mills, Mansard, Julius Berger, May and Baker, CAP (Chemical & Allied), Total and Redstar.
Also as Designated Adviser (DAs), Investment One will advise companies listed on the Alternative Securities Market (ASeM) of the Nigeria Stock Exchange.