AXA Mansard Pensions Limited has announced a rebrand and change of name to Tangerine Pensions Limited after it received approval from the National Pension Commission (PenCom).
The name change arose following the acquisition of AXA Mansard Pensions Limited’s equity by Eustacia Limited, a company controlled by Verod Capital Management Limited.
Dapo Akisanya, the CEO, Tangerine Pensions Limited said the development would help the company better position in terms of strengthening hold and delivering customer services.
He 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 gives us an opportunity 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”
In 2006, AXA Mansard Pensions was incorporated as Penman Pensions Limited with AXA Mansard Insurance Plc leading as the majority shareholder of the company between 2014 until 2020. Meanwhile, the pension administration will henceforth operate as a company under Verod Capital Management Limited.
Verod is a West African private equity firm, focused on creating economic value across Africa. The firm is backed by a blend of foreign and local institutional investors, in the aspect of pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices and development finance institutions.