Sanlam begins London client bank acquisition spree

The Rhyl-based firm will take on £44m in funds under management from London Asset Management next week, although it will not bring in any of the firm's existing advisers. It said the purchase was part of an ongoing acquisition programme, with two further deals expected before Christmas and more on the table for the New Year. Sanlam chief executive Nigel Speirs said the company would use advisers from its graduate programme to service the new clients. Three had already moved down to London and were operating out of King William Street, he said. "At the moment, there are a lot of adv...