Related Newshas notified the Nigerian Stock Exchange of an agreement between its pensions arm, FCMB Pensions Limited, and Aiico Pensions Limited to acquire 96 per cent of the latter.
It will be recalled that FCMB Group increased its stake in Legacy Pensions to 91.6 per cent in 2019 and now has full control of the business. In addition, the enlarged pension business will benefit from FCMBs extensive distribution platform, comprising 200 branches, a strong web and mobile presence; and the recent the launch of its Pensions’ online enrolment platform.One investment banking analyst described it as “a positive move and a statement of intent from FCMBs management to leverage its non-banking businesses to drive profitability”.
Mrs. Adeoye is the Founder and Chief Investment Officer of Sankore. The new Director holds an MBA from Harvard Business School, a BBA in Accounting from Howard University and is a Certified Public Accountant .