CardinalStone Partners Limited, an investment banking and multi-asset management firm, has announced the acquisition of a majority equity stake in Radix Pension Managers Limited.
Following the acquisition, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited, marking a new era of growth and innovation in pension fund administration.
According to Cardinalstone, the acquisition and rebrand solidifies its position in Nigeria’s financial landscape, leveraging its expertise and resources to enhance CardinalStone Pensions’ operations and service delivery, adding that the transition represents a significant milestone in the firm’s strategic expansion into the pension industry.
Commenting on the acquisition, group managing director of CardinalStone, Michael Nzewi, stated that, it signifies a new chapter for CardinalStone and the industry at large. “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 board,” he stressed.
He assured that, despite the change in ownership and brand identity, there will be no disruption to the operations of CardinalStone Pensions, as the firm will continue its business operations as a Pension Fund Administrator.
“With the backing of the CardinalStone Group, CardinalStone Pensions is set to leverage its strengths to further enhance its offerings, ensuring continued excellence in pension fund administration and delivering superior value to its customers,” he said.
