Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

Ex-Principal boss Titcomb to exit Sanlam

by Dylan Lobo on Dec 06, 2012 at 08:07

Ex-Principal boss Titcomb to exit Sanlam

Former Principal Investment Management chief executive Hugh Titcomb (pictured) is to exit the firm.  

The news comes after Principal parent Sanlam opted to merge the firm with its other wealth subsidiary Merchant Securities under the Sanlam Private Investments UK (SPI) name in September.  

Titcomb joined SPI UK in April 2009 as group CEO following its acquisition by Sanlam, before taking up his current role as vice chairman earlier this year. He will leave the business at the end of 2012.

Commenting on the news, SPI UK chairman Daniël Kriel said: ‘Under Hugh’s leadership the business has seen significant development, including the acquisition of the Border Asset Management and Iain Nicholson Investment Management businesses, and assets under management have increased from some £760 million in April 2009 to in excess of £1.9 billion today.  

‘Hugh’s contribution is highly valued and he leaves the business with our heartfelt thanks and very best wishes for the future.’ 

Titcomb added: ‘I am immensely proud to have been part of the development of the SPI UK business over the past three and a half years and wish Daniël and Craig Massey, the recently appointed CEO, every success as they continue to build the business going forward.’

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet