Surguy, who had spent 15 years with the group and took over as head of managed funds for Sanlam UK in August 2012, departed for Kleinwort Benson last week, among other things he was well known as the driving force behind SPI’s White List, its bi-annual income study, during his tenure.
According to Richard Champion, CIO for SPI UK, Surguy’s departure, while sad, presented an ideal opportunity for a closer dialogue with the other parts of the Sanlam group “and to build one centre of excellence that services all Sanlam entities in the UK.
He added, the new structure also smoothed out any issues of both under and over capacity in terms of coverage.
The new centre will be housed within Sanlam International Investments, which the group said, consists of a seven person team headed by Justin Greenley that advises on global mandates managed in the Sanlam group and has more than $7bn in assets under advice.
It also manages Sanlam UK’s Accel model and the model portfolios for Sanlam Fund Solutions, SPI said.
