SANLAM, a leading South African financial services group, has strengthened its retail proposition in the UK with the acquisition of a 60pc stake in Rhyl-based IFA, Buckles.
Sanlam's group chief executive, Dr Johan van Zyl, said that the acquisition reflected further progress in the group's strategy of growth and diversification through selective acquisitions and geographic expansion. He said: "We believe the aggregation of IFAs in the UK market provides a significant opportunity to build on our initiatives aimed at establishing a substantial and leading advisory and wealth management business in the UK. Buckles meets all the criteria as a top quality intermediary business we were seeking for this purpose." Nigel Speirs, chief executive of Buckles, said the...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
