Our History
Our rich history, which we are proud of, dates back to the 1960s. – a decade that marked a major turning point in the global financial services industry with phenomenal innovations and developments. In 1966, Barclays Bank DCO established its Trustees subsidiary company which quickly became a leading Trustee company in Nigeria.
Later in 1979, when the federal government under its indigenization policy acquired a 51.4% ownership stake in Barclays Bank, Barclays Bank changed its name to Union Bank and Barclays Trustees to Union Trustees Limited (UTL).
Over the years, the Trust company went through a series of ownership, name, and major strategic business changes, albeit maintaining the tradition of unequalled innovation and excellence in its core calling of public and private trusts and wealth advisory services.
Union Trustees Limited (UTL) became the multi-award winning UTL Trust Management Services Limited registered by the Securities and Exchange Commission to carry out Trusteeship and fund/portfolio management businesses.
In response to regulatory changes requiring Trust Companies to carve out their investment management operations into stand-alone investment management companies UTLAM Asset Management Limited (UTLAM) was set up in 2022.
Today, leveraging the pedigree of our progenitor, UTLAM is poised to further raise the bars of innovation and excellence. UTLAM will challenge all traditional areas of investing while keeping within the limits of global best practices and the orthodoxy of the fiduciary principles of TRUST, TRANSPARENCY, DISCLOSURE and FAIRNESS.
We are UTLAM, an investment management subsidiary company of UTL Trust Management Services Limited. We are professional to the core, and very passionate about meeting you very soon – just so that we can be your UNUSUAL MONEY MANAGER.