Sygnia just keeps growing
Magda Wierzycka, CEO of Sygnia.
In the face of a global financial crisis that resulted in a tough quarter, Sygnia has grown its assets under management and administration to R154 billion as at 30 June 2016 (31 December 2015: R146 billion, 30 September 2015: R137 billion).
In an industry where the same players and the same products are competing for the same customer, Sygnia has disrupted the status quo by radically lowering costs, improving the product proposition and bringing more transparency to the industry.
Speaking at the 2016 Money Expo last week, Sygnia CEO, Magda Wierzycka said “Before the listing we were a bit of a Chihuahua in the room and it was possible for other financial services companies to ignore us. Listing has given us the profile and substance to be taken seriously by other financial services companies and that is a prerequisite to being taken seriously by the man on the street.”
Since listing in October 2015, the company has not only earned the 2016 Imbasa Yegolide Overall Asset Manager of the Year award, but has also launched ground-breaking business initiatives such as the Sygnia Umbrella Retirement Fund (SURF) and the Sygnia RoboAdvisor, both designed to lower the cost of savings and investing for all South Africans.
