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Absa and Sanlam Investments have agreed to enter into a transaction that will see their respective asset management businesses consolidated within Sanlam Investment Holdings (SIH). The deal gives the combined entity the scale to become the investment market leader. In addition, clients will have access to a deeper and broader investment product offering across the investment management domain.

 

Frequently Asked Questions

 

  • 1. Will anything in terms of investment solutions range change as it relates to our advice framework?

    The integrity of the advice framework is paramount. We plan to keep it the same.

    However, in the quest to improve how we deliver this advice framework, changes over time should be expected.

  • 2. What happens to the Schroders relationship?

    The Schroders relationship has been an important mutual relationship over the past five years. Aspects of this partnership have already been transitioned back into the investment cluster. Namely the offshore multi-management capability.

    We will continue to have a relationship with Schroders for the benefit of our clients where it is appropriate.

  • 3. How will you ensure that service times etc. won’t suffer during the transition?

    Over the last couple of years, we have invested heavily in ensuring that we deliver better service to clients. We have no intention of letting these benefits slip during the transition phase.  

    All parties are committed to ensuring that all clients experience a seamless and orderly transition and continuity of services.

  • 4. How will I benefit from economies of scale?

    The combined entity, taking into account South African assets only, will be one of the largest, South African and pan-African asset management firms. The significantly improved scale will allow the enlarged entity to extract scale benefits in several areas (e.g. technology, procurement, multi management fee benefits), and deliver a broadened value proposition.

  • 5. How will this impact my specific relationship manager?

    Our client relationships are of critical importance to us. Accordingly, it is our specific objective to ensure that client relationships are carefully managed through the transaction. Any changes in your relationship management will be undertaken through a communication and consultation process.