On 15 October 2024, Ninety One announced that the California State Teachers’ Retirement System (CalSTRS), the largest educator-only public pension fund in the world, has awarded a $150m mandate to Ninety One’s Global Environment strategy. Managed by Deirdre...
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Ashburton and FNB Wealth and Investments announce partnership with Morgan Stanley Investment Management
On 9 September 2024, Ashburton Investments and FNB Wealth and Investments announced a partnership with international investment powerhouse Morgan Stanley Investment Management Limited (MSIM) to strengthen its global capabilities. The partnership will result...
FNB Insure partners with Oneplan Insurance to expand access to primary health care solutions
Lack of access to primary healthcare remains a major concern for the average South African and according to Statista only 15.8 % of South Africans have access to medical aid. In seeking to find a solution for this challenge, FNB Insure has announced a...
Merger of ICTS Legal Services (Pty) Ltd and Legaltech (Pty) Ltd
ICTS Legal Services (Pty) Limited has been in existence since 2018 and, despite the challenges of low economic growth and Covid, it has carved a successful niche for itself in providing legal services in the retirement funds arena. It has built a prestigious...
Braintree partners with Old Mutual Africa towards a new era of financial management and operational efficiency
There is no doubt that the goal of a company's Chief Financial Officer is to have clean and accurate audits across the business – a single source of truth with a strong focus on compliance. As a diversified financial services company operating in 12 countries...
Investment Solutions by Alexforbes enters the R500 billion Discretionary Fund Management market
Alexforbes, South Africa's leading investments multi-manager, has announced its entrance into the R500 billion Discretionary Fund Management (DFM) market with the launch of 'Investment Solutions by Alexforbes'. Dawie de Villiers, CEO of Alexforbes, stated,...
Alexforbes acquires digital investments platform from OUTsurance
Alexforbes, one of South Africa’s leading investment managers, has completed the acquisition of the OUTvest digital investments platform from OUTsurance to serve customers across a greater variety of investment needs. OUTvest is an award winning digital investments...
Northstar and First Avenue collaboration
The graveyard of asset management mergers is vast and populated with once great managers. This occurs because mergers are normally initiated in board rooms and forced upon two or more investment teams without cultural, philosophical or process considerations. In...
Sanlam announces its intention to acquire Assupol Holdings Ltd
Early in February 2024, Sanlam announced a proposed transaction to acquire up to 100% of the issued ordinary shares of Assupol Holdings Limited (Assupol), through a scheme of arrangement with a fallback general offer to Assupol shareholders for a purchase...
Momentum Metropolitan acquires RMI Investment Managers
Alida de Swardt (CEO RMI Investment Managers), Jeanette Marais (Group CEO, Momentum Metropolitan) and Lisa Chiume (senior investment executive RMI Holdings).In a transaction signed on 11 September 2023, Momentum Metropolitan entered into a sale agreement with...
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