Acquisitions lead to growth for Wesleyan

Acquisitions lead to growth for Wesleyan

Wesleyan, the mutual financial services provider for doctors, dentists, lawyers and teachers based in Birmingham’s Colmore Circus, is eyeing another year of solid growth after completing two acquisitions last year.

The acquisition of Syscap and DPAS last year have enabled Wesleyan to provide a wider range of commercial products to support their professional customers with business planning, as well as their personal finance needs.

Wesleyan chairman Bryan Jackson CBE is now expecting another solid year ahead despite the weakening financial market as the company looks to capitalise on its new service offerings and increase its market share.

He said: “In 2015 Wesleyan made significant progress in our transformation and acquisition programmes and enhanced our product range.

“This included the introduction of new products to allow customers to take advantage of the new Pension Freedoms announced by the chancellor in the March 2014 Budget, providing greater choice in how customers may take their retirement benefits.

“2016 will be another demanding year as we continue with our plans to grow the business. We recognise the demands this places on our staff and remain hugely appreciative of their continued commitment and dedication.

“This year also sees Wesleyan celebrating its 175th anniversary and we are proud of how far the business has come over this time. We remain committed to our mutual status and this is integral to how we are growing and sustaining Wesleyan to ensure best success for our members, customers, staff and the communities in which we work.”

Wesleyan also recruited its 50th apprentice since 2010 last year, as part of its partnership with Birmingham Metropolitan College.