Turnaround king Jonathan Polin has joined Sanlam Private Wealth as the company plots a course to become one of the UK’s leading wealth managers.
Mr Polin has become the company’s new chief executive just a few months after leaving Ashcourt Rowan as part of the Towry deal.
He spent nearly four years at Ashcourt Rowan, where he transformed the business from a loss-making entity with a market cap of £22m to a business worth £129m.
Mr Polin had prevously been sales and marketing director at Ignis where he was involved in the company’s transformation from Britannic, including the creation of its boutiques.
Daniël Kriel, chairman of Sanlam Private Wealth UK, said: “Obviously we were aware of his track record of growing businesses and that is what attracted us to him.
“We are now entering a phase where we are ready for growth. We are very serious about the UK market and want to be one of the leading wealth managers here.
“He is certainly empowered to review what we do and how we do it. Jonathan knows very well we want to grow this business so we will give him time to get to know it and agree a reasonable target.”
Mr Polin declined a request for an interview.
Adviser view
Dennis Hall, chief executive of London-based Yellow Tail Financial Planning, said: “I have certainly not heard anything bad about Mr Polin.
“But I have heard Sanlam was looking at closing offices, so there are mixed messages there. I do not think it is a well-known brand.”
