Asset manager merger points the way
Sanlam-Absa move can give scale, better service and cut costs
10 October 2021 - 00:14
Analysts expect more consolidation in the local asset management industry as companies look for growth with a broader product mix amid increased competition from passive funds such as exchange traded funds.
This comes after insurer Sanlam and banking group Absa announced on Tuesday the merger of their investment management businesses to create a company with assets under management of more than R1-trillion, second after Ninety One...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.