CardinalStone Partners Limited, a leading multi-asset management firm, has announced the successful acquisition of a majority equity stake in Radix Pension Managers Limited. As a result, Radix Pension Managers Limited has been rebranded as CardinalStone Pensions Limited.
This strategic acquisition strengthens CardinalStone Partners Limited’s position in Nigeria’s financial landscape, enabling the firm to leverage its expertise and resources to enhance CardinalStone Pensions’ operations and service delivery.
According to Michael Nzewi, Group Managing Director of CardinalStone, “This acquisition presents a pivotal opportunity for us to strengthen our position in the pension industry and broaden our range of services for our valued clients. By integrating our expertise and resources, we are poised to deliver even greater value and innovative solutions to our customers.”
The acquisition represents a significant milestone in CardinalStone Partners Limited’s strategic expansion in the pension industry. Despite the change in ownership and brand identity, CardinalStone Pensions will continue to operate as a Pension Fund Administrator, ensuring no disruption to its services.
With this acquisition, CardinalStone Partners Limited reinforces its commitment to providing comprehensive financial services to institutional and high-net-worth clients, solidifying its position as a key player in Nigeria’s financial sector.