Sanlam acquires Bermuda-based investment house
Firm says acquisition will provide clients with access to optimised international equity and bond funds.
Sanlam Investments, the international investment and wealth manager firm, has announced today (18 May) that it has purchased a majority stake in Bermuda-based investment house P2international.
Sanlam said the transaction delivers an additional distribution partner for Sanlam’s insurance-based and asset management products and gives clients access to international equity and bond funds that attempt to optimise returns through the use of institutional risk management techniques.
Cobus Kruger, managing director of SGIS, a division of the Sanlam group that provides international investment solutions, including the P2Strategies to international clients, has taken up the post of chief executive of P2, in addition to his role at Sanlam.
P2 is already operating in four countries across Africa, Asia, Europe, and the Middle East. P2 will retain its name and will operate under the Sanlam Investments cluster of businesses within the Sanlam group.
Johan van der Merwe, chief executive of Sanlam Investments, said: “We have worked with P2 - through Glacier, Glacier International and Sanlam Global Investment Solutions - for a number of years and are now looking forward to deepening and widening this relationship through the new ownership arrangement.”
Mr Kruger said: “P2 is a truly innovative company with an offering that talks directly to investor needs in today’s investment climate. Its strategies allow smoothing from market fluctuations but, unlike many other offerings, clients are not locked in for predetermined periods.
“The strategies, therefore, offer far more liquidity than other guaranteed-type investment products and can be tailored to individual needs”.