Axa Mansard Pensions, a National pension fund administrator, after receiving all necessary regulatory approvals from the National Pension Commission (PenCom), has announced that it has rebranded to Tangerine Pensions Limited.
This comes just after the acquisition of a 100% stake in AXA Mansard Pensions Limited by Eustacia Limited, a company controlled by Verod Capital Management Limited; a leading West African private equity firm that has businesses in various industry sectors, including, life and general insurance, other financial services, light manufacturing, consumer goods, business services, agriculture, education, and healthcare.
Verod is believed to be backed by a consortium of mainly foreign and local institutional investors, including pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices and development finance institutions.
Dapo Akisanya, the CEO, of the new Tangerine Pensions Limited speaking on the rebrand, said: “The conclusion of this acquisition after receiving all regulatory approvals, has put the company in a position to build an even more successful organization, with our future growth anchored on delivering impeccable customer service and driven by best practices. Our change of ownership and rebranding allow us to do so much more for our customers, whilst focusing on being the premier pension provider, availing customers multi-channel access to superior retirement solutions. We are committed now, more than ever, to building life-long financial partnerships with our clients, giving them access to an assured future”
About Axa Mansard Pensions
Tangerine Pensions Limited (formerly Axa Mansard) is one of the leading Pension Fund Administrators in the country. The company has a dedicated team of professionals serving its over 89,000 customers base with a cumulative Assets under Management value of over ₦74 billion.