CardinalStone Partners Limited, a prominent multi-asset management firm, has successfully acquired a majority equity stake in Radix Pension Managers Limited. Following this acquisition, Radix Pension Managers has been rebranded as CardinalStone Pensions Limited, marking a significant milestone in the company’s strategic expansion within Nigeria’s pension industry.
This move enhances CardinalStone’s position in the financial sector, allowing the firm to leverage its extensive expertise and resources to improve the operations and service delivery of CardinalStone Pensions. Known for offering comprehensive financial services to institutional and high-net-worth clients, CardinalStone’s services encompass investment banking, asset management, securities trading, trust services, registrar services, and financing solutions.
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Michael Nzewi, the Group Managing Director of CardinalStone, expressed enthusiasm about the acquisition, stating, “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.” He further emphasized the firm’s commitment to delivering enhanced value and innovative solutions by integrating the expertise across all businesses within the CardinalStone Group.
Despite the change in ownership and brand identity, CardinalStone Pensions will continue its operations seamlessly as a Pension Fund Administrator, ensuring uninterrupted service to its clients.
