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Sanlam UK continues its structural integration process with raft of senior appointments

 

  • Financial services group Sanlam UK announces plans to further integrate its Private Wealth and Wealth Planning businesses by setting up a new division that will encompass both areas
  • John White, former CEO at RSM Tenon’s financial services arm, will head up this new division
  • The group also announces Alfio Tagliabue will take over as CEO of its boutique asset management arm, Sanlam FOUR
  • Appointments are part of CEO Jonathan Polin’s plans to create one overarching Sanlam business in the UK, while retaining the integrity of its specialist capabilities 


As part of the integration of its UK businesses, Sanlam UK has today announced a number of new appointments and changes to the group’s organisation.
 
Recognising the need for its Private Wealth and Wealth Planning businesses to become more closely aligned, the group has announced the creation of a new Wealth Management division that will encompass both of these areas. John White, formerly CEO at RSM Tenon’s financial services arm and more recently COO of employee benefits group, A J Gallagher, will lead this new division. He will also become CEO of the group’s Private Wealth business, while Alex Morley, who will report into John, remains CEO of its Wealth Planning arm and will lead the launch of  ‘Sanlam Partners’, a significant new initiative which will help IFAs grow their businesses with the help of Sanlam’s systems, products and services.
 
In addition, the group has also announced the following appointments:
 

  • Alfio Tagliabue, currently Sanlam UK’s CFO, will become the CEO of its boutique asset manager, Sanlam FOUR. Alfio spent 12 years as a Board-level consultant to boutique asset and wealth managers, most notably at Thames River, before becoming CFO at Ashcourt Rowan
  • Jeremy Gibson, CEO of Sanlam Investments and Pensions, will also take on the role of interim CFO for the group 
  • Philip Smeaton, formerly Head of UK Equities for the group’s Private Wealth division, has been promoted to Sanlam UK CIO
  • Graham Hooper, formerly of Miton Group and Charles Stanley, has joined the group as Distribution Director. 


These appointments reinforce Sanlam UK CEO Jonathan Polin’s intention to integrate the group’s various businesses as it looks to become a market leader in the UK.
 
Jonathan Polin, Chief Executive, Sanlam UK said: “My aim is to create a unified, integrated financial services business recognised for the quality of its advice, asset & discretionary fund management services. I am delighted to be announcing so many strong additions to the Sanlam Group today along with initiatives that I firmly believe will help deliver an even better service to clients.
“The integration our Private Wealth and Wealth Planning arms is vital to deliver a focussed and highly skilled Wealth Management business that puts financial planning at its heart. This will be at the forefront of everything we do.
 
“We also have a vibrant and talented asset management business within the Group. I want to equip it for the future so it can deliver a range of different capabilities to help manage the needs of both our global client base, and our third party clients across the wholesale and institutional markets, in both the UK and Europe.
 
Today’s announcement is an important step to achieving our goal of building an integrated financial services group in the UK. We have significant experience in our service divisions, an AA+ rated parent and a broad UK footprint, so we are in a position of strength. I am very pleased with the progress we have made this year and approach 2017 with optimism and enthusiasm.  
 
  
 

Ends

 
 
Notes to editors
 
Sanlam Limited is an international AA+ rated financial services group with a listing on the Johannesburg Stock Exchange and a market capitalisation of £7 billion. Established in 1918, the group provides a range of services to over 10 million clients globally, including insurance, financial planning, investments and wealth management.
 
Sanlam UK is led by CEO Jonathan Polin. The firm consists of a number of long established businesses, including:
 

  • Sanlam Wealth Planning: The national financial adviser with £1 billion of client assets under advice and 80 UK-based advisers
  • Sanlam Private Wealth: The discretionary fund manager with £2.2 billion of client assets under management
  • Sanlam Investments & Pensions: The life and pensions business with in excess of £1.6 billion of assets under administration
  • Sanlam FOUR: The boutique asset management and fund business which manages over £4.2 billion in both single strategy and long only funds and specialist multi-asset solutions. In total, the firm has nearly £9 billion of assets under management or influence
  • Sanlam UK attained its size, strength and reputation by leveraging the benefits of having a large secure South African parent company while focussing on individual client service delivered locally in the UK.

 
 
For more information please contact:      
Teamspirit Public Relations on
0207 360 7877 / Sanlam@teamspiritpr.com

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