Sanlam Establishes Wealth Management Business
Sanlam Limited
Sanlamhof, Tuesday 30 July 2002
SANLAM ESTABLISHES WEALTH MANAGEMENT BUSINESS
Sanlam today announced the establishment of Sanlam Wealth Management - a new
business unit to further enhance the financial services group`s core focus of
wealth creation and wealth management.
Sanlam Wealth Management will concentrate on developing and delivering
appropriate client solutions that will address the needs of the clients in the
different market segments as effectively as possible. It will provide
individuals and groups with quality financial advice and innovative products
sourced from all businesses in the Sanlam group.
Sanlam`s chief executive Leon Vermaak says the establishment of Sanlam Wealth
Management is a direct result of Sanlam`s overall strategy and vision of
positioning itself as the leader in wealth creation.
Charl Le Roux, who headed up Sanlam Life, has been appointed chief executive of
Sanlam Wealth Management. He retains his position of chairman of Innofin.
Lize Lambrechts is appointed as chief executive of Sanlam Life, which will be
positioned as a product manufacturer and comprises mainly of product development
and client service. She will also be responsible for Sanlam Unit Trusts and
Sanlam Trust and will retain the Sanlam exco responsibility for Sanlam Namibia
Kobus Mller, currently in charge of Sanlam Life operations, has been appointed
to the office of the Group Financial Director, Flip Rademeyer, to strengthen
that team`s capacity to implement group strategy. He will assume responsibility
for certain group financial functions.
Bonang Mohale chief executive, corporate marketing, will now also be
responsible for Sanlam Shared Services, Fundamo (a unit specialising in mobile
payments) and Tasc (a portfolio administration and investment accounting unit
for group investments and third party clients). These were previously part of
the responsibilities of Lize Lambrechts.
Commenting on his new business Charl le Roux said the establishment of Sanlam
Wealth Management marks the beginning of a new era for Sanlam.
"We will position Sanlam Wealth Management very strongly in the market; and in
doing so we will take up our rightful place as a truly customer-focused company.
We are confident that Sanlam Wealth Management will capture market share and
further build our brand awareness. I have an excellent team in place to achieve
this."
Ends
Issued by Sanlam Media Relations
Frans van Rensburg (021) 947-4893
Esann de Kock (021) 947-5435
Date: 30/07/2002 10:06:41 AM Produced by the JSE SENS Department
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