Sanlam Investment Management appoints new head of retail

Sanlam Investment Management (SIM), the asset manager in the Sanlam Group with R260 billion under management, has appointed Candice Paine (pictured) as its new head of retail. Paine previously held the position of head of research at Glacier, the LISP for the Sanlam Group. She took on her new role in November 2008 and will work closely with SIM’s distribution and investment teams to position the SIM retail offering optimally for the South African retail space.

Armien Tyer, managing director of SIM said that Paine’s track record as an investment analyst combined with her experience advising financial advisors with investment decisions and offering guidance to multi-managers at Glacier, have equipped her with the perfect skills for this position. “She has an indepth, thorough understanding of the investment side of the business as well as exceptional insight into the needs of the individual investor. This will equip her perfectly to position and grow SIM’s unit trust retail offering.”

Prior to her three years service at Glacier by Sanlam, Paine held fund analyst and portfolio manager responsibilities at Insinger de Beaufort, Fidelity Investments in the US and Edge Investments. She holds a BComm Hons in Financial Analysis and Portfolio Management from UCT and is a Chartered Financial Analyst.