STL Trustees Launches Capital Group to Enhance Services

STL Trustees Limited (STL) has unveiled its new group structure, STL Capital Group, which consolidates its trusteeship, asset management, and capital & advisory businesses. Funmi Ekundayo, Managing Director of STL Trustees Limited, stated that this restructuring aims to create greater value for clients by integrating the company's diverse capabilities.

The new structure will allow STL to provide a wider range of services, including corporate trusteeship, wealth preservation, estate planning, investment management, capital raising, and financial advisory. The restructuring received approval from the Securities and Exchange Commission (SEC), enabling operations within a Capital Market Holding Company framework.

Ekundayo emphasized that the move is driven by the growing demand for funding in Nigeria's capital market. The evolution of STL is rooted in over three decades of experience in the financial services sector.

Akinwumi Oni, Executive Director, noted that the new structure will help the group respond effectively to economic changes and market opportunities.