Golden Capital restructures, to revive operations

The acting Chairman of Golden Capital Plc, Dr Fatai Lawal, has said the investment management firm is structuring ahead of returning to full operations.

Lawal said this while addressing shareholders at the last extraordinary general meeting of the firm, following the release of the audited financial statements for 2021 and 2022.

He said, “Going forward after years of inactivity, a new leadership team will like to lay out a comprehensive strategy to strengthen and grow the firm. First, we would invest in our core businesses.

“Second, we would pursue four growth initiatives: global and regional capital market (Issuing House), asset and wealth management, transaction advisory/banking and real estate investment management platforms. And third, we would run the firm more efficiently. In addition, we set public, firmwide financial targets to help investors hold us accountable.

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“We saw this as the logical next step in our strategic journey to building a more durable firm that generates higher returns through the cycle and we believe we are now well-positioned to execute our strategy, capitalise on our strengths and achieve our execution priorities in all three of our segments.”

Lawal, became acting chairman of the company, following the death of the former Chairman, Emmanuel Eleoramo, in December 2022.

He added, “At the heart of our strategy is a focus on clients. We believe that serving our clients exceptionally well will both strengthen our franchise and deliver returns for our shareholders. As we go forward, we are focused on the success of our clients and our franchise so we can deliver for shareholders.

“We will be working hard to raise the floor on returns and achieve our through-the-cycle targets. Our leadership will be focused on our key priorities to make the firm stronger and more diversified. And I believe if we stay true to our core values, our strategy and our people, the best days for Golden Capital Plc will be unfolding.”