Planned Merger of LocalTapiola Alternative Investment Funds Ltd into Seligson & Co Fund Management Company Plc
The Boards of Directors of LocalTapiola Alternative Investment Funds Ltd and Seligson & Co Fund Management Company Plc, both part of the LocalTapiola Asset Management Group, approved the merger plan of the companies on 4 August 2025.
According to the plan, LocalTapiola Alternative Investment Funds Ltd will merge into Seligson & Co Fund Management Company Plc on 31 December 2025. The merger is subject to the extension of Seligson & Co Fund Management Company Plc’s operating licence to include alternative fund business.
“Combining the Group’s fund management companies will streamline the operations of our asset management group and enable more efficient service provision. The integration supports the growth strategy of our investment services and allows us to further strengthen our focus on enhancing customer experience and developing our services,” says Samu Anttila, CEO of LocalTapiola Asset Management.
“Consolidating our fund business into Seligson & Co strengthens our company’s position, but above all it serves our clients by offering an even broader range of investment opportunities,” says Aleksi Härmä, CEO of Seligson & Co.
