Financial services group Sanlam UK has acquired financial planning business English Mutual for an undisclosed sum.
English Mutual has 43 advisers based predominately in the South and the Midlands - all of whom will be staying on at Sanlam - and assets under influence of about £400m. Sanlam said the acquisition represents a significant step in its plan to develop a large wealth management business in the UK. Alex Morley, chief executive of English Mutual, said: "This is the perfect move for English Mutual. Our mission remains: to create and deliver the finest financial services experience available to financial advisers and their clients in the United Kingdom." Lukas van der Walt, CEO of Sanlam ...
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