The BEIGE Group, a Financial Services Provider, has acquired Universal Pensions Master Trust (UPMT), a licensed corporate trustee.

This brings to two the number of corporate trustees that have been acquired by TBG in the last 18 months.

TBG’s first acquisition of a corporate trustee firm was in 2014 and the acquiree firm was Legacy Pension Trust (LPT). These transactions are key steps in TBG’s strategy to affirm its status and capacity to serve as a provider of a broad range of financial services.

UPMT has been in operation since 2012 specialising in Occupational Pensions Schemes (Tier 2). UPMT has a presence in the Greater Accra, Western, Ashanti and Northern regions of Ghana. As of the date of acquisition, UPMT had an individual clientele base in excess of 15,000.

Legacy Pension Trust was also established in 2013 and has the specialty in the management of both Occupational Pensions Schemes (Tier 2) and Voluntary Pensions Schemes (Tier 3). LPT has branches in Accra, Volta and Brong Ahafo regions of Ghana. Both companies operate Master Trust Pensions Schemes and offer Pensions Administration and Consultancy Services.

Through these transactions, Mr.TBG has availed to UPMT & LPT, the benefit of its multiple distribution channels, business management expertise as well as the value of its brand.

Commenting on the acquisition Mr Nyinaku said, “We would merge these two companies and rebrand them. Customers can expect an aligned proposition that u