MAXIM presents new force in employee benefits
Maxim Employee Benefits (Pty) Ltd and RBS Employee Benefits (Pty) Ltd Merge
Maxim Employee Benefits (Pty) Limited and RBS Employee Benefits (Pty) Limited have merged their operations to create a powerful new force in the employee benefits industry.
Major shareholders of the two businesses, Hollard Insurance and RBS Investment Holdings, announced that the merged firm will operate under a newly designed brand called Maxim Employee Benefits, providing clients with professional employee benefits administration and consulting services.
Under this definitive agreement, the combined operation will have a staff complement of 140 and 450 corporate clients throughout South Africa, giving it R14-billion worth of assets under administration and consulting services through three servicing offices in Johannesburg, Cape Town and Durban.
Maxim Employee Benefits specialises in providing retirement fund administration, consulting and asset consulting services to employers, trustees and their advisers by administering free-standing employer-specific funds, as well as umbrella funds, such as pension, provident and preservation funds, wealth management, health insurance and other risk services.
The synergy created by this merger arms Maxim with the expertise and knowledge necessary to provide a comprehensive, transparent and cost-effective consulting service true to their brand promise: “We manage the fund while you manage your business.”
Maxim’s consulting services are of a consistently high standard using advanced investment modelling tools and expertise designed to manage the most appropriate investment structure for a fund.
Graeme Brien and Brian Spanier-Marson, joint managing directors of Maxim Employee Benefits, said that the merger “will advance the company’s strategy of delivering the most efficient administration platform in South Africa and will enable cutting edge member service. The larger business benefits clients by deepening our consulting skills and we are committed to real, value adding advice to clients. The unique shareholding structure of Hollard, RBS and two executive managers combines the best entrepreneurial skills and big corporate stability”.
“Hollard and RBS are valued supporters and partners in our business. This allows us to take advantage of the best of each business and translate it into direct individual member value.” they said.
