Sagicor snaps up another Alliance company

Sagicor Investments signs a definitive agreement to purchase the securities dealer book of business of Alliance Investment Management, a release to the Jamaica Stock Exchange by Sagicor Group stated.
Sagicor Group & PanJam hit new closing highs.Sagicor Group subsidiary, Sagicor Investments entered into a definitive agreement for the purchase of the securities dealer book of business of Alliance Investment Management. The purchase, which is subject to due diligence, is expected to be completed over the next two months. Sagicor Group President and CEO, Christopher Zacca stated that “this latest acquisition of the AIML book of business will further expand SIJL’s client base and allow us to offer the best possible service and investment returns to our new investment clients.”
This news comes on the heels of the Sagicor Group purchase of 100% of the shares in Alliance Financial Services and would have been encouraged by the reputational damage emanating from the debacle with their principals and the country’s central bank.

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