Access Holdings, a leading financial institution, has announced a landmark acquisition of a controlling stake in ARM Pensions, ushering in a strategic alliance set to bring substantial benefits to clients, the financial industry, and the nation at large.
This significant move signifies the birth of a financial powerhouse that promises to deliver enhanced value to clients and elevate the industry. The operations of ARM and Access Pensions will be seamlessly integrated, giving rise to Nigeria’s second-largest Pension Fund Administrator (PFA), with assets under management soaring over N2.7 trillion.
Herbert Wigwe, the Group Chief Executive of Access Holdings, expressed his enthusiasm about this transformative milestone, stating, “We are pleased to have reached this transformative milestone in our pension fund administration journey. The proposed combination of ARM Pension with Access Pensions will not only create sustainable stakeholder value but will also contribute positively to the growth and development of the pension industry. We anticipate an exciting future for the combined entity.”
Jumoke Ogundare, Group CEO of ARM Holding Company Limited, highlighted the ripe market conditions for consolidation and expressed confidence that the merger would create a formidable pension funds administration business. Leveraging Access Group’s expansive distribution network and innovation culture, the combined entity aims to deliver sustainable value to stakeholders.
With a shared commitment to excellence, the union is poised to provide clients with competitive returns on their portfolios through a more robust and diversified investment approach. Clients can expect a more comprehensive suite of financial services, innovative investment strategies, and personalized solutions tailored to their evolving needs.
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