Verod backed AXA Mansard Pensions changes name to Tangerine Pensions

Upon receipt of all necessary approvals from the National Pension Commission (PenCom), AXA Mansard Pensions Limited has announced a rebrand and change of name to Tangerine Pensions Limited. This follows completion of the acquisition of 100% of AXA Mansard Pensions Limited’s equity by Eustacia Limited, a company controlled by Verod Capital Management Limited.

Verod is a West African private equity firm. The firm is active across various sectors, including, life and general insurance, other financial services, light manufacturing, consumer goods, business services, agriculture, education and healthcare. Verod is backed by a rich blend of mainly foreign and local institutional investors, including pension funds, sovereign wealth funds, insurance companies, asset management firms, fund of funds, family offices and development finance institutions.

Speaking on the rebrand Dapo Akisanya, CEO, Tangerine Pensions Limited (formerly AXA Mansard Pensions Limited) said, “The conclusion of this acquisition after receiving all regulatory approvals, has put the company in a position to build an even more successful organisation, with our future growth anchored on delivering impeccable customer service and driven by best practices. Our change of ownership and rebranding give 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.”

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