Sanlam Wealth rebrands to Atomos after £140m PE acquisition

The hybrid wealth manager’s name means ‘indivisible’ in ancient Greek

Jenna Brown
clock • 1 min read

Sanlam Wealth has rebranded to Atomos after it was acquired for £140m by funds managed by Oaktree Capital Management.

Sanlam UK sold the wealth management business to the private equity firm in September 2021. Atomos means ‘uncuttable' or ‘indivisible' in ancient Greek, according to the hybrid wealth manager. It said the business aimed to bring together all the "benefits of face-to-face service with the access and convenience of modern digital tools". In February this year, the firm announced changes to its leadership team with the exit of Sanlam Private Wealth chief executive Penny Lovell and new appointments including Haig Bathgate as head of investments, Niral Parekh as chief operating officer and...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Companies

Entrepreneurial WIFA contender launches financial planning firm

Entrepreneurial WIFA contender launches financial planning firm

Frankie Smith has launched two businesses at the age of 29

Isabel Baxter
clock 21 March 2024 • 3 min read
The Penny Group acquires Midlands-based HNW advice firm

The Penny Group acquires Midlands-based HNW advice firm

Latest deal as part of the Chartered firm’s ‘buy and build’ strategy

Isabel Baxter
clock 12 March 2024 • 2 min read
FCA fines advice firm nearly £900,000 over British Steel failings

FCA fines advice firm nearly £900,000 over British Steel failings

IFM ‘poorly advised’ clients to transfer out of DB pension schemes

Isabel Baxter
clock 11 March 2024 • 2 min read