STL Trustees Launches New Group Structure for Growth

STL Trustees Limited (STL) has officially launched 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 unifying the company's diverse capabilities.

The new structure allows STL to offer a wider range of services, including corporate trusteeship, wealth preservation, estate planning, investment management, capital raising, and financial advisory services. The restructuring received approval from the Securities and Exchange Commission (SEC), enabling operations within a Capital Market Holding Company framework while maintaining regulatory boundaries for each subsidiary.

Ekundayo highlighted the evolution of STL Trustees over three decades in Nigeria's capital market, leading to the establishment of its asset management and capital & advisory businesses. Akinwumi Oni, Executive Director of STL Trustees, noted that the new structure positions the group to effectively leverage emerging opportunities in the Nigerian economy and financial markets.