Sagicor Group Jamaica today (April 26) announced that its subsidiary Sagicor Investments Jamaica Limited (SIJL) has entered into a definitive agreement for the purchase of the securities dealer book of business of Alliance Investment Management Limited (AIML).  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 Jamaica’s (SGJ) April 1 announcement that the company had completed the purchase of 100 per cent of the shares in Alliance Financial Services Limited (AFSL) having satisfactorily completed all due diligence and regulatory requirements and AFSL is now fully enabled on the international MoneyGram platform.