Business
Ninety One enters partnership with Sanlam, assets rise 1%
Global Banking & Finance Review®
Company
LONDON (Reuters) – Asset manager Ninety One has entered an
LONDON (Reuters) – Asset manager Ninety One has entered an investment partnership with South African life insurer Sanlam, it said on Wednesday, as it recorded a 1% rise in assets in the first half to 127.4 billion pounds ($161.85 billion).
Ninety One will gain preferred access to Sanlam’s distribution network and become its primary active investment partner, Ninety One said in a statement.
($1 = 0.7872 pounds)
(Reporting by Carolyn Cohn, editing by Sinead Cruise)
Asset management is the process of developing, operating, maintaining, and selling assets in a cost-effective manner. It involves managing investments on behalf of clients to achieve specific financial goals.
A life insurer is a company that provides life insurance policies, which pay a designated beneficiary a sum of money upon the insured person's death, offering financial protection to families.
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