Sanlam UK has carried out a management restructure which sees Nigel Speirs step down as Sanlam Private Wealth chief executive.
Speirs will be replaced by English Mutual chief executive Alex Morley, who will continue to oversee English Mutual. Speirs remains with Sanlam UK as head of distribution.
Sanlam acquired advice firm English Mutual in 2012. Speirs has been with the firm since 2004 when his advice firm Buckles was acquired by Sanlam and rebranded Salam Private Wealth.
Sanlam says it is seeing to make further acquisitions this year and is targeting retiring IFAs.
Sanlam UK chief executive Lukas van der Walt says: “The combined business will have the necessary scale to allow further investment in new technology and industry leading processes that will drive efficiencies and create increasingly positive client outcomes.
“Sanlam is here for the long haul; we are not about consolidation and sale. Our sole aim is to build a UK wealth management business respected and admired by all, renowned for both its substance and its style.”