Count snaps up Melbourne actuarial firm

Count Limited has continued its acquisition spree, announcing to the Australian Securities Exchange (ASX) that its subsidiary has acquired Melbourne-based actuarial firm, McGing Advisory & Actuarial.

A binding agreement will see McGing principals Sean McGing and Neekhil Shah join Count-owned Accurium, as the firm looks to expand its actuarial capabilities and service delivery for clients.

According to the ASX statement, Accurium’s acquisition of the $2.1 million business will “further strengthen [Count’s] position in the market”.

“The acquisition strengthens Count’s service proposition, building on our leading actuarial capability,” Count chief executive, Hugh Humphrey, said.

“It deepens our retirement income expertise and reinforces our commitment to delivering high-quality outcomes for clients through stronger collaborations with advisers.”