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Sanlam shake-up sees Speirs lose role as wealth chief

Sanlam shake-up sees Speirs lose role as wealth chief

Sanlam UK has replaced Nigel Speirs as the chief executive of Sanlam Private Wealth in a management shake-up.

The company has appointed Alex Morley, chief executive of English Mutual, as the boss of Sanlam Private Wealth.

Speirs (pictured) will continue in his role as head of distribution for Sanlam UK and focus on Sanlam's external relationships.

The decision follows Sanlam UK's announcement that it will merge the two businesses together this year in a bid to be one of the front runners in the UK’s wealth management sector.

Lukas Van der Walt, chief executive of Sanlam UK, said the merger would give the business the necessary scale to invest in technology and processes for a better service for clients.

'For Sanlam UK, client experience is everything: successful wealth management and financial planning is solely about delivering to client objectives and it is our belief that Sanlam will quickly emerge as a market leader in goal based financial planning.

'Sanlam is here for the long haul; we are not about consolidation and sale. Our sole aim is to build a UK wealth management business respected and admired by all, renowned for both its substance and its style'

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