Akambo Financial Group and First Financial have merged their operations to create a combined financial services business, reports our sister publication, International Adviser.
The financial terms of the deal were not disclosed.
As part of the deal, Akambo Financial Group and First Financial will continue to operate as standalone entities, with no impact on the current client offerings or services.
The main changes for the merged business “will be in the form of back office and operational synergies only”, the firms said.
Akambo Financial Group said in a statement: “By bringing our two firms together we can complement and create size and scale that will allow for increased efficiency, the ability to attract and retain the best talent, improved technology and most importantly, provide the best client experience possible within the wealth management industry.”