10 months ago
Sanlam CEO Eyes Top 15 AMC Status in India, Plans Shriram Stake Increase
A big company called Sanlam, which helps people manage their money, wants to become one of the best money managers in India.
Their boss, Carl Roothman, has worked with an Indian company called Shriram for a long time.
Now, Sanlam wants to own more of Shriram's money management parts.
They think India is a great place to grow because its economy is getting bigger fast.
Sanlam has a lot of experience and wants to bring new ideas, like creating special money plans for people instead of just regular ones.
They also want to offer different kinds of investments, not just the usual stocks and bonds.
Their goal is to manage about $3 billion in India within the next few years.
They are also hiring smart people to help them achieve this.
Sanlam Investment Group CEO Carl Roothman aims to make the company one of India's top 15-20 asset management companies.
The group sees an opportunity to increase its shareholding in Shriram's asset and wealth management businesses.
Sanlam plans to reach $3 billion in assets in India within four to five years by leveraging its expertise and Shriram's distribution network.
Global trends influencing Sanlam's strategy include product customization, a shift towards passive investing and ETFs, and offering alternative investments.
Sanlam believes India is a key growth market due to its rapidly expanding economy and is developing global products to facilitate investment in the country.
- Who
- Sanlam Investment Group CEO Carl Roothman
- What
- Plans to increase stake in Shriram's asset and wealth management businesses and aims to be among India's top 15-20 asset management companies.
- Where
- India
- When
- Roothman expects to stabilize the investment process in six months and reach $3 billion in assets within four to five years.
- Why
- To leverage Sanlam's expertise in wealth management and emerging markets, combined with Shriram's brand and distribution, to capture growth in India's fast-growing economy.
Key facts
- CEO
- Carl Roothman
- Company
- Sanlam Investment Group
- Target Market Position
- Top 15-20 Asset Management Companies in India
- Initial Asset Target
- $3 Billion
- Timeframe for Target
- 4-5 years
- Global Assets Under Management (Sanlam)
- $80 Billion
Quotes
Carl Roothman
Sanlam Investment Group Chief Executive
“Our focus is on emerging markets. South Africa, the rest of Africa and India are the three growth areas for us. The 20-year partnership that we have had with Shriram has actually been very successful. Today, there is an opportunity with Shriram to increase our shareholding in the asset management and wealth management business. Shriram had ambitions to deepen the penetration of financial services in the asset management and wealth management sides. Our strength is that we understand wealth management and emerging markets very well. We can use the brand and distribution of Shriram and bring our expertise – how we look at portfolio construction, our research capabilities and the investment strengths to make them successful. Our ambition is to be among the top 15-20 asset management companies in India.”
financialexpress.com
“Globally, three-four distinct trends are being witnessed. The first one is customisation – you don’t just build products anymore, but also solutions for clients, and that’s what we’ve done quite successfully. The second one is that there has been a shift from active to passive and ETFs because there’s more liquidity. Clients seek transparency. We are also quite strong in that. The third one is to offer alternatives to bring a bit of different correlations to the portfolio. So, we’d also be quite interested to offer our alternative capability, maybe bring a bit of private credit opportunities to the market and blend that with different portfolios.”
financialexpress.com
