Ninety One is set to finalise the transfer of Sanlam Investments UK’s active asset management business to Ninety One UK today (16 June).
The move is part of a broader agreement between Ninety One and Sanlam, positioning Ninety One UK as the primary active asset manager for a portion of Sanlam Investments UK’s assets under management.
Initially announced in November 2024, the agreement designates Ninety One as the primary active investment manager for Sanlam’s single-managed local and global products.
The alliance also formalises a 15-year relationship between the two firms through various operative agreements concluded in March 2025.
As part of the arrangement, Sanlam will receive 125.7 million shares in Ninety One, translating to a 12.3% equity stake.
Excluding ARC Financial Services Investments, Sanlam’s effective shareholding in Ninety One will be approximately 8.9%.
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By GlobalDataAdditionally, Sanlam will become an anchor investor in Ninety One’s international private and specialist credit strategies.
Ninety One, originally from South Africa with a global footprint, hopes to benefit from preferred access to Sanlam’s distribution network.
The alliance is expected to expand Ninety One’s market reach and accelerate its international private credit offerings.
Announcing the deal in November, Ninety One founder and CEO Hendrik du Toit said: “We are looking forward to a long and fruitful relationship with Sanlam, a business with a powerful brand and significant scale in South Africa.
“Our experience and expertise are complementary. This agreement will give us the opportunity, as leaders in our respective markets, to create additional value for our stakeholders.”
Last week, India’s Shriram Group launched its wealth management venture by collaborating with Sanlam Group, focusing on serving India’s affluent and high-net-worth individuals.
The equally shared joint venture, branded Shriram Wealth, targets Rs500bn ($5.84bn) in assets under advice and plans to onboard 500 wealth management experts within five years.
