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First Guarantee Pensions grows assets by 42.4% to N36bn

First Guarantee Pensions Limited is closing the year on a positive note having witnessed huge strides in growth fundamentals, with net asset value up by 42.4 percent to close at N35.6 billion as against N25 billion in 2009.

Customer base, that is retirement Savings Account under the management of the company has also grown to 156,407 in the current year as the second week of December as against 140, 713 in 2009.

Disclosing the company’s achievements during the End of the Year ceremony of the company, Its Managing Director, Wilson Ideva said the year has been quite significant in the life of the company having witnessed tremendous positive changes in its activities.

He said the company during the outgoing year completed its rebranding which has not only made the company more visible, but has succeeded in position the firm for market competition.

The company it would be recalled relocated to a new corporate head office, which according to the MD has made working more conducive and appealing for to staff and customers.

Other achievements during the year include completion and installation of IT hard ware, a reference point in the industry; promotion of ten staff to higher positions as well as acquisition of five brand new cars for full management staff.

Besides, that he said the appointment of an expatriate, Hein du Plessis as the Chief Operating Officer, seconded from its South African Technical Partners, Novare Holdings (PTY) Limited, has added a lot value to the company.

Plessis in his speech said the success achieved by the company during the year under review is a combined effort of all the staff as no one session of the company is separate from it.

He charged the staff to take advantage of the Christmas Holiday to rejuvenate their energy and creative strength so that every one would be prepared to face the challenges of the New Year.

“This is important so that we can all together achieve the target set for ourselves, Plessis said.


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