Sanlam UK launches private office for HNW clients

Sanlam said "the time is now right" to focus on extending its business in the UK with a tailored service for "increasingly complex and bespoke set of needs of high net worth clients". The private office will be based in London, and cater to new and old clients with assets worth upwards of £1m. The group has appointed ex Close Brother Asset Management head of private client Penny Lovell (pictured) to launch its new proposition. She will join the group's executive committee and assume the role of CEO of Sanlam Private Office in October 2017. She will report to group CEO Jonathan Poli...