SYS takes over Global Life and Finance

SYS Group, the Nenagh-based financial services group, has announced that it has acquired Cork-based Global Life & Finance, which manages €100 million of assets under management.

The transaction will increase the total value of assets managed by SYS Group to over EUR 500 million.

The deal is the latest in a series of four recent acquisitions by the group.

Global Life & Finance was founded in 2000 by its current CEO, Seamus Foxwho will remain in office after taking up a higher position.

They provide financial planning, investment management and retirement planning services from their headquarters in Cork City.

It has a portfolio of over 1,000 clients in Cork, Dublin, Kerry, Waterford, Limerick and Galway, which will take SYS’ portfolio to 8,500.

The total number of people employed in the group will now increase to 58.

“Not only is this acquisition a perfect fit for the SYS Group in terms of culture, strategy and client portfolio, but it will enable us to continue to build our position as one of the leading advisory firms in the Irish market,” he said Tony DelaneyCEO of the SYS Group.

“I believe the acquisition will help us maintain our commitment to providing the highest quality financial services to our clients, while leveraging the scale, expertise, additional services and broader solutions of the SYS Group,” Fox said.

Photo: SYS Group CEO Tony Delaney with Global Life & Finance CEO Seamus Fox in Cork at the announcement of SYS Group’s acquisition of Global Life & Finance.