FOUR Capital Partners and Sanlam International Investments have teamed up to launch Sanlam FOUR, which will provide investment solutions to both retail and institutional clients.
FOUR and Sanlam created a formal relationship in 2009.
The Sanlam Group will have an 89.7 per cent stake in the new holding company, while the investment teams within the existing FOUR business will retain 30 per cent equity stakes in their specific business areas.
The transaction, which is subject to FCA approval, will have no impact on the existing investment teams or investment processes. Each team will be responsible for its own investment process and the achievement of its own investment objectives.
Immediate benefits will be realised in respect of back office and operational efficiencies.
Lukas van der Walt, chief executive of Sanlam UK, says: “This is a very exciting development for all involved. We have been busy in recent years building the infrastructure and resources to create market leading wealth and asset management offerings in the UK. This is another important milestone on that journey.”
Derrick Dunne (pictured), director and founder of FOUR, says: “In positioning Sanlam and FOUR closer together, we create a more diversified business with a significant increase in AUM. Underpinning the business are small specialist investment teams operating within an investment led, entrepreneurial culture. This will never change and performance will always remain each team’s focus. The ownership structure directly aligns our fund managers’ interests with those of our clients. We are very optimistic for the future. We have the perfect marriage of the strength and resource of the Sanlam Group and the focus and expertise of an investment boutique.”