Sagicor Investments Jamaica Limited completes Purchase of Client Portfolio of Alliance Investment Management Limited (AIML)

• Sagicor Group Jamaica (SGJ) on August 15, 2022, announced that its subsidiary, Sagicor Investments Jamaica Limited (“Sagicor Investments”) has completed the purchase of the securities dealer book of business of Alliance Investment Management Limited (AIML), having satisfactorily completed all due diligence and regulatory requirements.
• Sagicor Group Jamaica President and CEO, Christopher Zacca stated that: “This client portfolio purchase expands the business of Sagicor Investments, offering an opportunity to serve a wider client base. We are delighted to welcome our new clients to the Sagicor family and look forward to giving them stellar service, personalized attention, sound financial advice and diversified investment products and services to meet their investment goals.”
• Sagicor announced its intention to purchase the client portfolio of AIML in April of this year. The company also completed the purchase of 100% of the shares in Alliance Financial Services (AFSL) on April 1, 2022. ASFL is now fully enabled on the international MoneyGram platform.
• The acquisition of AFSL and purchase of AIML are aligned to the Group’s overall strategy for growth as it will allow the company to move into new business segments and expand its product offerings to its clients and boost profits.

(Source: JSE)