Sanlam consolidates UK businesses

The new UK business will be called Sanlam UK and will be led by chief executive Jonathan Polin (pictured), the former head of its discretionary fund manager Sanlam Private Wealth.

Sanlam UK will comprise of national financial adviser Sanlam Wealth Planning; Sanlam Private Wealth; life and pensions business Sanlam Investments & Pensions; asset manager Sanlam FOUR; and provider of institutional and retail stockbroking services Sanlam Securities.

Its employee benefits business will continue to sit under Sanlam Wealth Planning. 

Combined the business has assets under management and influence of nearly £9bn.

It also has a "significant" stake in adviser platform Nucleus and a 20% shareholding in fixed income specialist Cameron Hume.

Sanlam said it wanted to create a structure that would make it easier for clients to understand the business.

Sanlam previously held a 23% stake in adviser network Intrinsic. It emerged in July the firm netted £10m from the sale of the stake to Old Mutual in February 2014.

Polin, who joined Sanlam's UK business in October, said: "I am delighted to become Sanlam's UK group chief executive and I welcome the opportunity to lead this next stage of our development in the UK.

"As a single, unified business, with our combined talents and with Sanlam's significant global strength to support the development of our UK operations, the future is very exciting for our business, for our employees, for our partners and, most importantly, for our customers."

 

 

 

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