We present a first-order aggregation model on the space of complex matrices which can be derived from the Lohe tensor model on the space of tensors with the same rank and size. We call such matrix-valued aggregation model as "the generalized Lohe matrix model". For the proposed matrix model with two cubic coupling terms, we study several structural properties such as the conservation laws, solution splitting property. In particular, for the case of only one coupling, we reformulate the reduced Lohe matrix model into the Lohe matrix model with a diagonal frustration, and provide several sufficient frameworks leading to the complete and practical aggregations. For the estimates of collective dynamics, we use a nonlinear functional approach using an ensemble diameter which measures the degree of aggregation.
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