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Sanlam Announces New Management Structure for UK Business

 

Sanlam, the international AA- rated financial services group, today announces changes to the management structure of its UK businesses which will change with effect 1 January 2016.

From that date all Sanlam businesses in the UK will, for the first time, fall under the responsibility and management remit of a single corporate entity, forming a UK group with combined assets under management and influence of nearly £9 billion. The UK group will be known as “Sanlam UK” and will be comprised of the following companies:

  • Sanlam Wealth Planning: The national financial adviser

  • Sanlam Private Wealth: The discretionary fund manager

  • Sanlam Investments & Pensions: The life and pensions business

  • Sanlam FOUR: The boutique asset management and fund solutions business

  • Sanlam Securities: The provider of institutional and retail stockbroking services

In addition to the above companies, the UK group also has a significant strategic shareholding in the WRAP platform Nucleus, with over £8bn under administration, and its 20% stake in fixed income specialist, Cameron Hume.

Jonathan Polin, who is in the process of being appointed chief executive of Sanlam Private Wealth, will also become the new UK group’s chief executive and assume responsibility for all Sanlam’s businesses in the UK.                            

Robert Roux, CEO of Sanlam Investments: “Our long-term success depends on our ability to deliver outstanding customer outcomes and experience. For this to be achieved we must work as one with a clear focus, making it simple for our clients to understand us and easier for them to do business with us. At Sanlam we are committed to the improvement of people’s lives and believe our new structure creates the platform for us to make a significant and positive impact. Jonathan, with his vast experience, is the person to deliver our vision: to be a leading provider of wealth and investment management services in the UK.”

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