Prudential Financial and LeapFrog Investments to acquire a minority stake in Alexander Forbes Group from Mercer.

Prudential Financial, an insurance, investment management, and other financial products and services provider, and LeapFrog Investments, a private investment firm, agreed to acquire a minority stake in Alexander Forbes Group, a financial services group, from Mercer, an American asset management firm. Financial terms are not disclosed. "We are excited to broaden our presence in Africa and enter South Africa with an investment in Alexander Forbes through our partnership with LeapFrog Investments. This transaction underscores Prudential’s continued focus on Africa as a strategically important growth market and our vision to be a global leader in expanding access to investing, insurance, and retirement security. We identified Alexander Forbes as the market leader in South Africa best capable of advancing our vision and strategy," Pavan Dhamija, Prudential Financial Regional President.