Momentum Group Limited (Momentum) has officially concluded its acquisition of FinGlobal Migration Proprietary Limited (FinGlobal) from The Bidvest Group Limited (Bidvest) earlier this year. The acquisition positions Momentum to extend its holistic advice-led financial services to South Africans living abroad, returning home, or preparing for global mobility.
Johann le Roux, CEO of Momentum Retail, said: “This acquisition is a significant milestone in Momentum’s advice-led growth journey. FinGlobal’s expertise in cross-border financial planning, tax migration, and fiduciary solutions strengthens our ability to support clients wherever they are in the world. More importantly, it enhances our ability to deliver integrated advice that helps clients make confident financial decisions through life’s transitions, including emigration and repatriation.”
Le Roux emphasised that global mobility remains a growing reality, particularly among affluent and high-net-worth clients. “Advice is the bridge that helps clients manage the complexities of international financial planning responsibly. By combining Momentum’s advice framework with FinGlobal’s specialist knowledge, we can ensure that clients receive the most relevant, seamless, and future-fit solutions.”
Ryno Viljoen, CEO of FinGlobal, added: “Joining Momentum allows us to expand our reach while staying true to what we’ve built over the past 15 years – deep expertise in the unique needs of South African expatriates. Together with Momentum, we are better positioned to broaden our shared value proposition to both South African and international clients. Just as importantly, our people remain at the heart of this success, and we are pleased that all employees are being retained.”
The acquisition strengthens Momentum’s holistic advice philosophy across its product houses, from life and health insurance to investments, savings, wills & trusts, and short-term insurance. It also creates a platform for greater collaboration across the industry by supporting advisers, employers, and financial partners who work with clients experiencing global mobility.
All FinGlobal employees were retained as part of the transaction.
Written By
Johann Le Roux
CHIEF EXECUTIVE OFFICER: MOMENTUM RETAIL
Johann Le Roux, Chief Executive Officer of Momentum Retail, has more than 25 years of experience in the financial services and insurance industry.
Since joining Momentum in 1998, he has held key roles in actuarial, product development, sales and distribution, and has led the retail business through periods of growth and transformation.
In 2010, he assumed his current role as CEO of Momentum Retail. A Fellow of the Actuarial Society of South Africa with a BSc (Hons) in Mathematical Statistics and an MBA, Johan is known for blending technical expertise with people-focused leadership.