Sanlam Investments has announced that its transaction with Ninety One is now effective, thereby formalising a long-term strategic relationship between two of South Africa’s leading asset managers.
The agreement strengthens Sanlam’s underlying investment engine that powers solutions available to retail and institutional investors across South Africa and offshore.
“The transaction was a deliberate step to strengthen our market position by playing to our strengths,” explained Carl Roothman, CEO of Sanlam Investments.
“When we announced our intent in 2024, we were already occupying top-tier positions in multi-management, private wealth, indexation and alternative investments. However, we were looking to substantially strengthen our active single-manager capability. A strategic relationship with Ninety One was a logical choice.”
The transaction included the transfer of nearly R400 billion in assets to Ninety One. According to Roothman, the business is taking a long-term view.
“After the transaction, Sanlam Investments remains one of the largest asset managers in South Africa and on the continent with more than R1 trillion in assets under management – and we are now operating from a position of renewed strength.”
Ninety One CEO Hendrik du Toit concurred that the strategic relationship enables Sanlam Investments to focus its resources on the areas where it is building distinctive leadership, including multi-managed solutions, private wealth, indexation and alternatives. “This is a considered, future-focused relationship and a meaningful investment in South Africa’s savings and investment landscape,” he said.