Leadway Pensure and PAL Pension are set to merge following a recent acquisition of PAL Pensions by Leadway Holdings, LEADERSHIP learnt.
Leadway Holdings had earlier agreed to acquire 100 per cent of PAL Pensions.
Sources quoted the group managing director and chief executive officer of Leadway Holdings,
Tunde Hassan-Odukale said that because of this deal, PAL Pensions will be merged with Leadway Pensure, the company’s existing PFA, significantly expanding its scale and client base.
Similarly, he stated that, the deal will position the group as one of the top three pension fund administrators (PFAs) in Nigeria in terms of assets under management (AUM).
To him, “this acquisition is more than a milestone; it is a statement of our ambition to build a -stronger, more competitive financial services group. “
He added that, “with this move, we expand our scale, giving us greater capacity to serve millions of Nigerians saving for their retirement. We unlock opportunities for growth, innovation, and efficiency across our businesses.
Saying this acquisition has further strengthened Leadway’s position as one of Africa’s leading financial services groups, he noted that the details of the integration process will be announced in the coming weeks.
Hassan-Odukale said, “The acquisition is a proud moment for us all, and your hard work, dedication, and commitment make such achievements possible.”
When LEADERSHIP contacted the company on Saturday for confirmation, sources confirmed the news.
