The Group Managing Director of Access Corporation, Herbert Wigwe has disclosed that the final acquisition of First Guarantee Pension is in line with the company’s vision to become a global brand.
According to Wigwe, “This transaction is in line with our vision to create a globally connected community and ecosystem; inspired by Africa for the world,” he said.
“We will deploy our renowned culture of strong risk management, innovative technology and best practice corporate governance to deliver high standards of management and returns on pension assets to the benefit of our stakeholders.”
The financial giant had in May signaled interest in acquiring FGP after selling its pension enterprise, Access Pension Fund Custodian Limited, to First Bank Holdings.
Access Holdings disclosed on Monday through the company secretary, Sunday Ekwochi that the corporation has completed the acquisition of FGP Limited.
The company said in the statement that the transaction followed approvals from regulatory authorities to acquire “majority equity stake in First Guarantee Pension Limited (FGPL).”
“Following this development, FGPL is now a subsidiary of the corporation and will provide a strong springboard for the corporation’s execution of its ecosystem strategy for the pension funds administration industry,” the statement said.
