Sagicor Group Jamaica (SGJ) announced on Monday (August 15) that its subsidiary, Sagicor Investments has completed the purchase of the securities dealer book of business of Alliance Investment Management Limited (AIML), having satisfactorily completed all due diligence and regulatory requirements. 

Sagicor announced its intention to purchase the client portfolio of AIML in April 2022.

Christopher Zacca, Sagicor Group Jamaica president and CEO, stated that: “This client portfolio purchase expands the business of Sagicor Investments, offering an opportunity to serve a wider client base. We are delighted to welcome our new clients to the Sagicor family and look forward to giving them stellar service, personalised attention, sound financial advice and diversified investment products and services to meet their investment goals.” 

On April 1, 2022, the company had completed the purchase of 100 per cent of the shares in Alliance Financial Services Limited (AFSL).

AFSL is now fully enabled on the international MoneyGram platform.