The UK group, to be known as Sanlam UK, will comprise five businesses; Sanlam Wealth Planning, Sanlam Private Wealth, Sanlam Investments & Pensions, Salam Securities, and the company’s boutique asset management and fund solutions business Sanlam FOUR.
The combined group will have assets under management and influence of nearly £9bn (€12.4bn, $13.5bn).
Jonathan Polin, the recently appointed chief executive of Sanlam Private Wealth, will become the new UK group’s chief executive and assume responsibility for all of Sanlam’s UK businesses.
Polin 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. Sanlam is a leading global brand with strong, embedded values, an unshakeable belief in customer centricity and a real understanding of its importance to the community and society as a whole.
“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.”
Sanlam UK is part of Sanlam Investments, led by chief executive Robert Roux, who said: “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.”