By Our Reporter
Multi-asset management firm, CardinalStone Partners Limited, has announced the successful acquisition of a majority equity stake in Radix Pension Managers Limited.
Following this acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, a statement from the firm said at the weekend.
CardinalStone Partners Limited thus solidifies its position as a key player in Nigeria’s financial landscape, leveraging its expertise and resources to enhance CardinalStone Pensions’ operations and service delivery.
This transition represents a significant milestone in the firm’s strategic expansion in the pension industry.
Renowned for its comprehensive financial services catering to institutional and high-net-worth clients, CardinalStone Partners Limited boasts a team of seasoned investment professionals with a proven track record of visionary leadership.
“Our collective strength provides us with the pivotal opportunity to strengthen our position in the pension industry and broaden our range of services for our valued clients.
“By integrating the expertise and resources of all businesses in the CardinalStone Group, we are poised to deliver even greater value and innovative solutions to our customers across the board”, the Group Managing Director of CardinalStone, Michael Nzewi, said while speaking on the acquisition.
The firm also disclosed that despite the change in ownership and brand identity, there will be no disruption to the operations of CardinalStone Pensions.
It stated that it will continue its business operations as a Pension Fund Administrator (PFA), the statement further highlighted.