CardinalStone Partners Completes Acquisition of Radix Pension, Unveils New Brand

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Olori Uwem

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Mar 18, 2024
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CardinalStone Partners Completes Acquisition of Radix Pension, Unveils New Brand

Strategic Expansion Positions CardinalStone as a Major Player in Nigeria’s Pension Industry

CardinalStone Partners Limited, a leading investment banking and multi-asset management firm, has officially acquired a majority equity stake in Radix Pension Managers Limited, marking a significant move into Nigeria’s pension sector. Following this acquisition, Radix Pension Managers has been rebranded as CardinalStone Pensions Limited, ushering in a new era of growth, innovation, and enhanced service delivery.

A New Chapter in Nigeria’s Pension Industry
This milestone solidifies CardinalStone’s position as a major force in Nigeria’s financial landscape, leveraging its vast expertise to elevate pension fund administration. With this transition, the firm aims to introduce cutting-edge pension solutions and drive long-term value for its clients.

Michael Nzewi, Group Managing Director of CardinalStone, expressed excitement 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. 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 the board.”

Why This Matters?
• CardinalStone Partners is renowned for its financial expertise, serving institutional and high-net-worth clients.
• The firm has received industry recognition, including:
✅ Best Equities House & Market Leader in Investment Banking, Nigeria (Euromoney)
✅ Two-time Equity Trader of the Year (Nigerian Exchange)
• With this acquisition, CardinalStone Pensions will benefit from enhanced financial resources, expert leadership, and a diversified portfolio of investment solutions.

The Road Ahead
As CardinalStone Pensions enters the market under its new identity, industry analysts anticipate innovative pension products, improved customer service, and a stronger competitive presence in the sector. This bold move marks the beginning of a new era in pension fund management—one that promises growth, efficiency, and enhanced investor confidence.

What do you think about this rebrand? Will it reshape Nigeria’s pension industry? Let’s discuss in the comments!