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Sanlam restructures UK business

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South African insurer Sanlam is to restructure its UK businesses, bringing them under one group led by Jonathan Polin.

Polin, who was recently appointed chief executive of Sanlam Private Wealth, will be chief executive of Sanlam UK and take on responsibility for Sanlam Wealth Planning, Sanlam Investments and Pensions, Sanlam FOUR and Sanlam Securities.

The UK group also has a stake in platform Nucleus and a 20 per cent shareholding in fixed income asset manager Cameron Hume.

Sanlam Investments chief executive Robert Roux says: “At Sanlam we are committed to the improvement of people’s lives and believe our new structure creates the platform for us to make a significant and positive impact.

“Jonathan, with his vast experience, is the person to deliver our vision: to be a leading provider of wealth and investment management services in the UK.”

Polin, who joined in October from Ashcourt Rowan where he was chief executive for four years, says: “I welcome the opportunity to lead this next stage of our development in the UK. Sanlam is a leading global brand with strong, embedded values, an unshakeable belief in customer centricity and a real understanding of its importance to the community and society as a whole.

“As a single, unified business, with our combined talents and with Sanlam’s significant global strength to support the development of our UK operations, the future is very exciting for our business, for our employees, for our partners and, most importantly, for our customers.”

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