STL Trustees unveils Holding Group,

STL Trustees Limited, a prominent financial services firm in Nigeria, has introduced its new group structure, referred to as the STL Capital Group. The restructuring consolidates the company's trusteeship, asset management, and capital & advisory businesses under a single umbrella, aiming to enhance its presence in Nigeria's capital market.

Managing Director Funmi Ekundayo explained that the new structure would provide a broader platform to serve both existing and prospective clients by combining the diverse capabilities of the company and its affiliates. The restructuring was approved by the Securities and Exchange Commission (SEC) and follows the firm's extensive experience in the Nigerian Capital Market over three decades.

STL Trustees' asset management business has shown significant growth within four years, while STL Capital & Advisory, established three years ago, has already executed impactful transactions. The group sees immense potential in asset management as economic growth creates the need for better mechanisms to build, preserve, and transfer wealth.

STL Asset Management Limited's Ahmed Olaitan Banu highlighted the crucial role of asset management in capital-raising, wealth preservation, and transfer across generations. The integrated structure aims to position STL as a preferred counterparty for clients seeking wealth preservation, succession planning, fund investment, or capital-raising.

Ekundayo emphasized that the legacy and innovation would coexist, leveraging the company's years of experience and adaptability to respond to evolving capital market transactions. The ultimate goal is to become one of Nigeria's top 10 players in the capital market and financial services ecosystem.