CITITRUST UNVEILS ASSET MANAGEMENT SUBSIDIARY
Cititrust FInancial Services Plc, a subsidiary of CITITRUST Holdings Plc, a Pan African Investment
Holding Company, has launched a wholly-owned and new Investment/ Asset
Management Company subsidiary, CITITRUST Asset Management following the receipt
of approval from the Securities and Exchange Commission (SEC) for the firm to provide
Portfolio Management to corporations and institutional investors as well as Wealth
Management, structured investments and other financial advisory services.
The unveiling and remarkable feat is announced in pursuant of the Fund/ Portfolio
Manager License granted to Cititrust Asset Management Limited on August 31, 2020 in
terms of the Investment & Securities Act (ISA) No. 29 of 2007 to conduct capital market
transactions.
The Country Chief Executive of Cititrust FInancial Services Plc., Mr. Ikechukwu Peter said “The launch
of the Asset Management business ties in with our plan to become a dominant player in
the Financial Services sector. We are enthusiastic at the unique opportunity to bring
investment products to the market as our goal is to constantly provide a wide range of
solutions to support the evolving needs of our partners and the entire investment
community”.
“The issuance of this approval by the Securities and Exchange Commission is a
laudable development, one that will most definitely lead to an unprecedented basis for
value creation within the Asset Management Space," Peter said.
Speaking on the vision for CITITRUST Asset Management Limited (“CAML”), the Group
Chief Executive of Cititrust Holdings Plc., Yemi Adefisan said: “we intend to support
African Businesses and unlock the continent’s potentials through the management of
several investment funds and provision of financial advisory services. Our focus is on
growing wealth for our esteemed clients through our well-thought-through products”.
“At CITITRUST, our people have extensive experience in the financial services sector
across Africa and are devoted to pooling complementary resources and functions to
give clients the best value. We look forward to offering unique and creative solutions
backed up by world class technology to transform current market offerings and do more for our clients”, Yemi Adefisan said.
“For more information about the CITITRUST Asset Management products and
service offerings, kindly visit the website: www.cititrustassetmgt.com”
Other News
CITITRUST UNVEILS ASSET MANAGEMENT SUBSIDIARY
Cititrust FInancial Services Plc, a subsidiary of CITITRUST Holdings Plc, a Pan African Investment Holding Company, has launched a wholly-owned and new Investment/ Asset Management