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February 13, 2014updated 04 Apr 2017 2:30pm

Sanlam Private Wealth replaces CEO

Sanlam Private Wealth has appointed Alex Morley as its new chief executive replacing Nigel Speirs.

By Verdict Staff

Sanlam Private Wealth has appointed Alex Morley as its new chief executive replacing Nigel Speirs.

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However, Speirs will continue in his role as head of distribution for Sanlam UK, a role which he has held since 2009, while Morley will continue to oversee English Mutual.

Morley was appointed to the board of Sanlam Private Wealth after the firm acquired English Mutual in 2012.

Speirs joined the firm in 2004 after his advice firm Buckles was acquired by Sanlam and rebranded Salam Private Wealth.

Lukas Van der Walt, CEO of Sanlam UK, said that the restructure will allow the firm to build close relationship with English Mutual and expand its presence throughout the South and Midlands.

He added that the firm will consolidate further in 2014 and is planning to make further acquisitions this year, particularly targeting retiring IFAs.

"The combined business will have the necessary scale to allow further investment in new technology and industry leading processes that will drive efficiencies and create increasingly positive client outcomes," Van der Walt said.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

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