Sagicor Investments has completed the purchase of the securities dealer book of business of Alliance Investment Management.
Sagicor says it has completed all due diligence and regulatory requirements.
The group announced its plan to purchase the client portfolio of Alliance Investment Management in April of this year.
This was after the company completed the purchase of 100 per cent of the shares in Alliance Financial Services, which was also a member of the Alliance Group.
Both companies came under scrutiny, after their principals were engaged in activities in breach of the Banking Services Act, the Bank of Jamaica Act and the Financial Services Act.
President and CEO of Sagicor Group Jamaica Christopher Zacca has observed that the acquisition will help widen the company's client base.
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