Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Ex-Principal boss Titcomb to exit Sanlam

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 or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter