Guardian Holdings has announced a major strategic move with the acquisition of the pension fund investment management and administration portfolio of NCB Insurance Agency and Fund Management Limited (NCBIA).
The deal, approved by Guardian's Board of Directors on July 11, will see the portfolio transfer to Guardian Life, the group's life, health and pension arm based in Jamaica.
The acquisition is expected to deliver both strategic and financial benefits, strengthening Guardian Life's market position and enhancing shareholder value over the medium to long term.
The notice was issued in accordance with section 64(1)(b) of the Securities Act 2012.
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