UTL Trustees Celebrates 60 Years of Trust Services
• This Day • Business
UTL Trustees, a subsidiary of Barclays Bank Nigeria established in 1966, has marked its 60th anniversary by evolving into a prominent independent trust services company in Nigeria. Initially focused on basic nominee and custodial services, it underwent significant changes following the 1979 indigenization policy, leading to its absorption by Union Bank Nigeria and rebranding as Union Trustees Limited. The company expanded its services to include pension fund securities and estate planning. A major turning point occurred in 2015 with a business strategy restructuring that modernized its operations, culminating in a rebranding to UTL Trustees in 2018. The company emphasizes innovation and technology, launching the award-winning WillWrite platform in 2019, which simplifies private trust services. UTL Trustees has played a critical role in managing public and private assets, contributing to market development and investor confidence, while promoting financial literacy and reshaping perceptions of estate planning across various income levels.
Topics: Business, Banking