Access Holdings Plc, a prominent multinational financial services group, has solidified its presence in the pension industry by securing a majority stake in ARM Pensions Managers (PFA) Limited.
This strategic move marks a significant milestone in Access Holdings’ ongoing growth strategy and underscores its commitment to expanding its footprint in key financial sectors.
The acquisition announced by Access Holdings reflects a carefully crafted plan to bolster its position in the pension industry.
Access Holdings through its subsidiary Access Pensions Limited aims to leverage synergies with ARM Pensions Managers to enhance service delivery and drive sustainable value for stakeholders.
With the necessary regulatory approvals from the National Pension Commission and the Federal Competition and Consumer Protection Commission in hand, Access Holdings is poised to advance its consolidation efforts in the market.
Dr. Herbert Wigwe, the Group Chief Executive of Access Holdings, was optimistic about the transformative potential of the acquisition.
He emphasized the combined entity’s ability to create enduring stakeholder value and contribute to the growth and development of the pension industry.
Jumoke Ogundare, the Group CEO of ARM Holding Company Limited, echoed Dr. Wigwe’s sentiments, citing the ripe market conditions for consolidation and expressing confidence in the proposed combination’s ability to deliver sustainable value.
Access Holdings’ transition into a holding company reflects its strategic vision to become a full-scale ecosystem player, offering interconnected services tailored to customer needs.
With its headquarters in Lagos and a vast network spanning three continents, Access Holdings is poised to shape the future of financial services with its dynamic approach and unwavering commitment to excellence.
