The Group Managing Director of FSDH Holding Company Ltd, Segun Odusanya, said its decision to divest its majority stake in Pensions Alliance Limited (PAL Pensions) reflects a deliberate and disciplined approach to capital allocation.

FSDH recently divested its majority stake in PAL Pensions, one of Nigeria’s largest pension fund administrators with over N1 trillion in assets under management.

The group announced that it has completed the sale of its 51 per cent ownership in PAL Pensions to Leadway Holdings, while African Alliance Insurance Plc also sold its 49 per cent stake in the pension administrator to Leadway, making Leadway Holdings the sole owner of PAL Pensions.

Speaking on the transaction, Odusanya said: “This decision reflects our long-term strategy to sharpen portfolio focus and redeploy capital into areas where FSDH can generate superior growth, particularly merchant banking, capital markets and asset management. It is a proactive, commercial move that underscores our confidence in PAL’s resilience and in Leadway’s capability to steward the business going forward.” Odusanya emphasised that the move was not a question of PAL’s performance, but rather a matter of strategic focus.

“PAL Pensions is a profitable, competitive, and well-run business with a loyal customer base and proven track record. This transaction reflects constructive engagement between two leading Nigerian financial groups and shared commercial objectives.”

The Managing Director, PAL Pensions, Sa’adu Jijji, assured customers and employees of continuity despite the ownership change.