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Sanlam and Absa create one of South Africa’s largest black-owned asset managers
In October 2021 Sanlam, Africa’s largest non-banking financial services group, and Absa, one of Africa’s largest diversified financial services groups announced the combination of their investment management businesses. This will result in an asset management company with assets under management, administration and advice in excess of R1 trillion.
This transaction has been completed, and all the suspensive conditions have successfully been met with the effective date being 1 December 2022. The scale and enhanced efficiencies that this transaction achieves will help us leverage new market and industry trends and build long-term sustainability into our operational and business models.
We appreciate your confidence in partnering with us as we grow and deliver world class services, enabled by technology, sustained through innovation, and lead by insights.
Please click here for more information on the institutional offering.