Sanlam eyes merger in move to streamline UK-based operations

SPI chief executive Craig Massey (pictured) told Investment Week Sanlam UK – which is based in Bristol and offers advisory, wealth management and pensions services – is very similar to the larger SPI business which operates alongside it. As such, he said there is a possibility the two businesses could be merged at some stage, although no timescale is in place. “We run SPI and Sanlam UK and I think it would make sense that we end up with a single company brand and identity so there is no confusion in the marketplace,” he said. “When you have a business built in silos, there can be turf...