Just weeks after the official listing of the shares of the newly formed Guaranty Trust Holding Company (GTCO) on the Nigerian Exchange following the restructuring of Guaranty Trust Bank (GTB) Plc, the leading Nigerian financial company has commemorated the listing of its shares on the local bourse with a closing gong ceremony as well as unveil the company’s new brand identity to capital market stakeholders and members of the general public.
Segun Agbaje, who is now the group chief executive officer of the holding company, GTCO Plc, expressed appreciation to the NGX for the support accorded to the financial institution in listing the new financial holding company on the exchange.
“On behalf of the board and management of GTBank and the newly formed GTCO, I must thank NGX for its unwavering support in listing GTCO on the exchange. At GTCO, we are very excited about the opportunities that have opened up to us with this restructuring, particularly because diversifying our income base has always been a major priority. As we venture into this new phase, we look forward to leveraging technology and introducing new business lines – including payments, asset management and more – that go beyond the needs of institutional or wholesale clients to improve retail clients’ access to the financial markets.”
Temi Popoola, the chief executive officer, NGX, said, “We are excited to welcome GTCO Plc and to congratulate the board and management on a successful restructuring. Given the recent completion of demutualisation of the exchange and the emergence of our new structure, we see many similarities between our organisations, particularly our outlook on the use of technology to advance business operations; the burgeoning opportunities in the retail market; and the importance of good governance in the corporate space. Today, we reiterate our commitment to being a trusted partner to GTCO and other listed companies and issuers as we continue to build a platform that allows our listed companies, investors and other stakeholders to maximise value in our market.”
At the closing gong ceremony on the trading floor on Tuesday were Osaretin Demuren, outgoing chairman, GTBank Nigeria; Ibrahim Hassan, non-executive director; Hezekiah Oyinlola, non-executive director; Miriam Olusanya, executive director, and Babajide Okuntola, executive director all of GT Bank.
Others executives presents were Cathy Echeozo, a former executive director, GTBank Nigeria and chairperson, NGX Regulation Limited; Seyi Osunkeye, non-executive director; Kamarudeen Kareem Oladosu, non-executive director; Yomi Adeyemi, non-executive director, and Jude Chiemeka, divisional head, trading business, all of NGX Limited.