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‘Burgeoning’ Sanlam hires Alexander Forbes' wealth head for UK push

by Annabelle Williams on Jan 02, 2013 at 14:30

‘Burgeoning’ Sanlam hires Alexander Forbes' wealth head for UK push

Sanlam Private Investments has poached head of wealth management at Alexander Forbes Wealth, Ian Porter, for its planned push into the UK market.

Porter (pictured), a former Wealth Manager cover star, headed up Alexander Forbes’ wealth management proposition for the last five years  where he was behind the firm’s move from a transactional model to a more investment-centric financial planning approach.

He has considerable experience in the UK wealth management industry, having previously worked as associate director and head of retirement solutions at Heartwood Wealth Management, and was private client adviser at HSBC Private Clients.

Sanlam chief executive officer Craig Massey said part of Porter’s role will be to lay out the road ahead for its ‘burgeoning’ wealth management business.

‘He will be working with us to develop a strategic direction for our burgeoning wealth management business, providing a superior service for high net worth individuals, in line with our core ethos of putting clients at the heart of all we do,’ Massey said.

‘We are absolutely delighted to welcome Ian to our leadership team which will to add to our existing pool of talent. He brings with him a strong track record of leadership combined with extensive experience of managing high net worth clients, families and trusts together with a deep knowledge of investment management and financial planning.’

Porter’s hire comes as South Africa-based Sanlam has been making inroads in to the UK market over the last few years, and has made a string of acquisitions and top-tier hires.

Just before Christmas Sanlam hired two senior investment managers from Charles Stanley and 7IM, while previously acquired Principal Group changed its name to Sanlam to better align with the brand.

A greater regional presence is also part of Sanlam’s plans, and last year it boosted assets by £77 million with the purchase of three private client books from smaller IFAs in Gloucestershire, Swansea and the south-west.

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