Sanlam UK strengthens HNW offering with the launch of a Private Office, headed up by Penny Lovell

08 August 2017

Sanlam UK has appointed ex Close Brothers Asset Management Head of Private Client, Penny Lovell, to launch its new Private Office proposition


Penny will join the Group’s EXCO and assume the role of CEO of Sanlam Private Office, reporting to Group CEO Jonathan Polin. She will be responsible for spear heading the new offering for high net worth clients with assets worth upwards of £1 million. 
Penny joins from Close Brothers Asset Management, where she spent the last five years as Head of Private Client Service. Previously she was Managing Director at Rothschild Wealth Management, and has held senior positions at Fleming Family & Partners and Coutts. 
Sanlam’s Group CEO, Jonathan Polin, who joined the wealth manager at the end of 2015, has led a vertical integration strategy, bringing together Sanlam’s UK operations under one aligned vision, brand and culture. Sanlam now controls over £12 billion in assets. 
Commenting on Lovell’s appointment and the launch of Sanlam’s Private Office, Jonathan Polin said: “I have spent the last two years reorganising and unifying the business to support the delivery of a vastly enhanced, client-focussed investment and service proposition.  The forthcoming launch of a Private Office extends our service in the UK and bolsters our ability to offer tailored solutions for an increasing complex and bespoke set of needs from high net worth clients. 
“Penny’s expertise and experience in delivering a first-class high net worth and Private Office proposition will be central to us cementing our position as one of the UK’s leading wealth managers.”
Penny Lovell joins Sanlam in October 2017. 

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