South African financial services group, Sanlam has sold its 22% stake in Punter Southall to management of the firm.
Punter Southall, which has businesses in actuarial consulting, financial consultancy and investment management is now the biggest independently owned pensions consultancy in the UK after buying out Sanlam. Sanlam UK chief executive Lukas van der Walt said: "As sole investment partner since 2001, we have been impressed with the growth and successful diversification of the group. The investment has been good for Sanlam." The group will now be owned entirely by its principals and staff. Co-founder and chief executive, Jonathan Punter [pictured, said: "Our relationship with Sanlam has alw...
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
