Former Ashcourt Rowan chief executive Jonathan Polin is to join Sanlam as chief executive of its private wealth business, Money Marketing understands.
Polin stepped down from Ashcourt Rowan after it was bought by Towry in a £120m deal earlier this year.
He joined Ashcourt Rowan in 2011, and was formerly sales and marketing director of Ignis Asset Management.
It is understood Polin will head up Sanlam’s private wealth business, which comprises investment management and stockbroking services. It does not include Sanlam’s financial advice arm, Sanlam Wealth Planning.
Polin will take up the role from 1 November. Current chief executive Craig Massey will move to South Africa as Sanlam’s branch operations director and head of stockbroking.
Money Marketing reported yesterday that Sanlam Wealth Planning is considering closing two offices and making up to 100 staff redundant as part of plans to centralise its customer service and business support functions.
Sanlam did not respond to a request for comment.