Access Holdings said it has completed its merger with ARM Pensions Managers Limited (ARM), creating Access ARM Pensions Limited (AAPL).
Access Holdings’ company secretary Sunday Ekwochi disclosed this in a statement on the NGX platform on
October 2.
The merger follows an earlier announcement by Access Holdings that Access Golf Nigeria Limited, a significant shareholder in Access Pensions Limited, had secured the necessary regulatory approvals to acquire a majority stake in ARM Pensions Managers (PFA) Limited, culminating in the merger’s completion.
AAPL now manages nearly N3 trillion in assets and serves a customer base of approximately 2 million retirement savings account holders, making them one of the biggest pension managers in the country.
According to the disclosure, the merger strengthens Access Holdings’ service offerings, enabling the company to attract top talent, invest in client-driven innovations, and enhance risk management and compliance systems.
Speaking on the merger, CEO of AAPL Emenike Uduanu said it is a crucial step toward realising the company’s ambition of becoming Nigeria’s leading pension fund administrator.
“This merger provides us with a platform to expand our services, improve operational efficiency, and drive innovation for the future. We are committed to making AAPL a symbol of trust and security for our clients as we work tirelessly to deliver long-term value for those planning their retirement,” Mr Uduanu stated.
Chairman of Access Holdings Plc Aigboje Aig-Imoukhuede also praised the merger, describing it as a significant milestone for both organisations.
He expressed confidence in AAPL’s potential, saying, “I am confident that we will establish our pension business as a leading brand in Africa’s retirement and benefits sector, paving the way for a brighter future for all our stakeholders.”
Access Holdings first announced in January the plan to merge with ARM Pensions.
