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Sygnia powers through first half of 2016

31 May 2016 Magda Wierzycka, Sygnia Asset Management
Magda Wierzycka, CEO of Sygnia Asset Management.

Magda Wierzycka, CEO of Sygnia Asset Management.

Despite demanding market conditions, Sygnia grew its assets under management and administration by 20.7% and its revenue by 19.7% relative to the same period to 31 March 2015.

“Our embrace of the label of being a “market disruptor” has been successful in positioning Sygnia as a consumer champion, while our focus on index-tracking investment strategies is slowly gaining market recognition,” said Sygnia CEO Magda Wierzycka.

Listing on the JSE on 14 October last year significantly enhance d Sygnia’s public profile and two new strategic initiatives have provided key areas for expansion.

The acquisition of the Gallet Employee Benefits Group and launch of the Sygnia Umbrella Retirement Fund (SURF) on the 1st April 2016 ushered Sygnia’s entry into the umbrella fund market. SURF red uces the overall charges associated with an umbrella fund proposition by approximately 70% relative to its peers. Given the positive publicity SURF has enjoyed since its launch, it is expected to be one of Sygnia’s significant drivers of growth going forward.

The Sygnia RoboAdvisor platform, launched on 16 May 2016, is a groundbreaking investing platform that provides an alternative retail distribution channel for Sygnia’s index-tracking products. Wierzycka says that, based on international experience, this is likely to appeal to younger tech-savvy savers in search of “simple and cost-effective investment options.”

 

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