FANews
FANews
RELATED CATEGORIES

Glacier by Sanlam completes acquisition of Alexforbes’ individual client administration business

01 March 2023 Glacier by Sanlam

Sanlam today announced the completion of acquiring 100% of Alexforbes’ individual client administration business (Alexander Forbes Individual Client Administration Proprietary Limited and its two wholly owned subsidiaries Alexander Forbes Retail Client Administration Proprietary Limited and Alexander Forbes Nominees Proprietary Limited).

The conditions for the transaction have been fulfilled and the parties will proceed to integrate the businesses. The effective date of the Transaction is 1 March 2023.

Glacier by Sanlam, a subsidiary of Sanlam and leading investment platform in South Africa, will take responsibility for the business from effective date.

Glacier by Sanlam chief executive Khanyi Nzukuma said, “We look forward to welcoming and engaging with our new colleagues and clients, and to unlocking the opportunities for all stakeholders. Service is at the heart of everything we do at Glacier, and we believe this transaction will benefit clients as we fulfil our purpose of growing and protecting their wealth.”

The deal will enhance Sanlam’s competitiveness regarding the provision of Linked Investment Service Provider services and provide individual clients of Alexforbes an enhanced experience through improved administration and user functionality enabled by Glacier’s technological capabilities. Further, a comprehensive set of Alexforbes’ individual client products covering both retirement and savings needs will be administered on the Glacier by Sanlam platform.

Quick Polls

QUESTION

The shocking crime and motor vehicle accident statistics shared during a recent SHA presentation suggests that group personal accident and personal accident cover are a no-brainer. Do you agree?

ANSWER

Yes
No
Not sure
fanews magazine
FAnews April 2024 Get the latest issue of FAnews

This month's headlines

FAIS Ombud lashes broker for multiple compliance blunders
TCF… a regulatory misfit initiative?
The impact of NHI on medical malpractice insurance
Fixed versus variable: can you have your cake and eat it too?
The future world of work
Subscribe now