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message sanlam limited type public company traded as jse slm industry insurance banking asset management founded 1918 1 headquarters cape town south africa 2 key people ian kirk ceo kobus m ller financial director desmond smith chairman 3 revenue 6.311 billion 2015 number of employees 13 000 2015 website www.sanlam.co.za sanlam is a south african financial services group headquartered in cape town 2 and listed on the johannesburg stock exchange and the namibian stock exchange . established in 1918 as a life insurance company 4 sanlam group has developed over time into a diversified financial services business . through its business clusters sanlam personal finance sanlam emerging markets sanlam investments sanlam corporate and santam the group provides financial solutions to individual and institutional clients across all market segments . the group s areas of expertise include insurance financial planning retirement trusts wills short term insurance asset management risk management and capital market activities investment and wealth . the group operates in south africa namibia botswana swaziland malawi zambia tanzania rwanda uganda kenya ghana nigeria mozambique india malaysia and the uk and has business interests in the usa australia and the philippines . it has a stake in leading global micro insurance specialists uk based micro ensure holdings limited which has a footprint across africa 5 and india servicing more than 10 million enrolled clients . contents 1 history 2 economic empowerment 3 operations 3.1 sanlam personal finance 3.2 sanlam emerging markets 3.3 sanlam investments 10 3.3.1 asset management 3.3.2 multi management 3.3.3 alternative investments 3.3.4 passive investments 3.3.5 capital management 12 3.3.6 employee benefits 3.3.7 wealth management 3.3.8 international investments 3.4 sanlam corporate 3.5 santam 4 senior management 15 5 recent news 6 see also 7 references 8 external links history edit the suid afrikaanse nasionale trust en assuransie maatskappij beperk south african national trust and assurance company limited santam was registered on 28 march 1918 . it was then decided to convert the life assurance department into a separate company and the suid afrikaanse nasionale lewens assuransie maatskappij beperk south african national life assurance company limited sanlam was registered on 8 june 1918 . sanlam the subsidiary later became the spearhead of the operation while santam remained focused on short term insurance . sanlam showed a small profit at the end of its first year declared a bonus and continued to grow consistently from there . santam remained the controlling shareholder until 1954 when sanlam became an independent mutual life assurance company as well as the largest single shareholder in santam . over the years sanlam s focus gradually shifted from traditional life insurance to providing a broader range of financial products and services . in 1998 sanlam demutualised listing on the johannesburg stock exchange jse ltd and the namibian stock exchange . this changed sanlam from a mutual entity into a public company with a share capital namely sanlam life insurance ltd. at the same time a separate company sanlam ltd was installed as the parent company of the sanlam group of businesses . the group was also restructured into several independent businesses within a federal business structure . today sanlam is a diversified financial services provider with an extensive product offering catering for all market segments . the group has consistently grown its local as well as an international footprint it now has a presence in 12 african countries outside south africa 5 india malaysia the uk and ireland the usa australia and the philippines . economic empowerment edit sanlam has since 1993 focused on empowering a broad base of south africans . it has contributed to broad based black economic empowerment b bbee through the group s partnership with ubuntu botho investments 6 numerous empowerment deals via a range of initiatives sanlam sky solutions which is focused on creating access to financial services at the lower end of the market and initiatives run by the sanlam foundation . further economic value is added through procurement of services and enterprise development initiatives . the ubuntu botho b bbee partnership resulted in a broad based black empowerment consortium buying a 10 % shareholding in sanlam 7 in what was to become one of the most far reaching black empowerment transactions in south africa to date . the deal brought together various stakeholders that would empower people organisations and small businesses at even the most rural level through access to capital and business expertise . in december 2013 the initial 10 year contractual period of the transaction with ubuntu botho ended with a final total of 66.5 million deferred shares qualifying for conversion to ordinary shares . the deal created value of about r15 billion making it arguably one of the most successful transactions of its kind in south african history . in 2014 an agreement was reached to extend the partnership with ubuntu botho into the future . operations edit the corporate office of the sanlam group is responsible for centralised functions that include strategic direction group financial and risk management group marketing and communications group human resources and information technology group sustainability management corporate social investment and general group services . in addition the sanlam group operations are managed through five operating clusters sanlam personal finance sanlam emerging markets sanlam investments sanlam corporate santam the core businesses within each cluster are as follows wholly owned unless otherwise indicated sanlam personal finance edit sanlam sky solutions financial services for individuals and groups in the entry level market sanlam individual life financial services to the middle income professional and business owner markets glacier financial services for the affluent market strategic business development consists of the following diversified financial services sanlam trust estate and trust services multi data electronic money transfer activities sanlam healthcare management medical scheme administration services sanlam personal loans 70 % personal loans joint venture reality loyalty programme and anglo african finance 55 % trade and bridging finance . sanlam emerging markets edit retail and group life insurance and related business botswana life botswana 60 % via botswana insurance holdings limited 8 bihl sanlam life namibia 100 % sanlam namibia holdings namibia 59 % nico life malawi 62 % pan africa life kenya 56 % via pan africa insurance holdings paih sanlam life insurance tanzania 64 % african life zambia 70 % enterprise life assurance ghana 49 % sanlam life insurance uganda 100 % fbn insurance nigeria 35 % shriram life insurance india 20 % via shriram capital soras vie rwanda 63 % via soras group mcis insurance malaysia 51 % sanlam life insurance mozambique 51 % credit and banking letshego operating in a number of african countries 14 % via bihl nbs bank malawi 13 % via nico holdings shriram transport finance company india 10 % 3 % direct and 7 % via shriram capital shriram city union finance 9 % via shriram capital investment management pan africa asset management kenya 56 % via paih sanlam investments namibia 86 % botswana insurance fund management 60 % via bihl general insurance jointly responsible in partnership with santam for managing general insurance business through nico malawi 62 % direct 49 % and 13 % indirect via nico holdings sanlam general insurance tanzania 9 52 % direct 47 % and 5 % indirect via nico holdings sanlam general insurance uganda 84 % direct 79 % and 5 % indirect via nico holdings nico zambia 62 % direct 49 % and 13 % indirect via nico holdings shriram general insurance india 20 % via shriram capital pacific & orient malaysia 49 % legal guard botswana 60 % via bihl soras ag rwanda 63 % via soras group santam namibia 37 % enterprise insurance ghana 40 % gateway kenya 56 % fbn insurance nigeria 35 % sanlam investments 10 edit asset management edit sanlam investment management sim manages institutional portfolios and retail collective investment unit trust funds sanlam structured solutions structured products multi management edit sanlam multi manager international smmi investment management advisory business alternative investments edit blue ink hedge fund manager focusing on both the local and global investment markets sanlam alternative investments focuses on the compounding of positive investment returns coupled with downside protection strategies to generate wealth for retail and institutional clients sanlam africa investments with a presence in 13 african countries sanlam africa investments enables investors to capitalise on african growth opportunities by successfully sourcing and managing investments across a range of asset classes passive investments edit satrix 11 offers investors easy cost effective access to the markets through a wide range of passively managed investment products capital management 12 edit capital management manages portions of sanlam s third party and policyholders funds sanlam capital markets scm sanlam private equity spe employee benefits edit sanlam employee benefits provides risk and investment solutions administration services to institutions and retirement funds sanlam group risk sanlam structured solutions sss sanlam umbrella solutions sus sanlam retirement fund administration rfa simeka consultants and actuaries wealth management edit sanlam private wealth spw private client wealth management and stockbroking calibre investments 50.1 % australian investment management sanlam private investments uk 97 % uk private wealth management and stockbroking summit trust 65 % international independent trust services group in switzerland investment advisory services and fiduciary and tax services international investments edit sanlam international investment partners manages established partnerships with specialist investment management firms abroad sim global manages long only specialist international equity funds sanlam asset management ireland sami sanlam s international investment management platform in dublin managing funds domiciled in ireland sanlam uk wealth management player in retail financial services in the united kingdom comprising sanlam investments and pensions sanlam distribution sanlam private wealth and investment management p2 international international mutual fund administration investment services sanlam collective investments retail multi managed institutional and third party collective investment unit trust funds sanlam corporate edit sanlam corporate offers corporate clients a comprehensive employee benefits solution including life health and general insurance financial planning and advice . santam edit sanlam has an effective 60 % interest in santam which in turn operates through the following businesses santam insurance traditional and specialist lines intermediated business miway 13 and centriq 14 short term insurance solutions to clients through a direct distribution channel santam re reinsurance in emerging markets senior management 15 edit ian kirk group chief executive sanlam group kobus m ller financial director sanlam group themba gamedze chief executive strategic projects temba mvusi chief executive group market development hubert brody chief executive sanlam personal finance and group strategy and projects robert roux chief executive sanlam investments 16 junior john ngulube chief executive sanlam corporate 17 yegs ramiah chief executive sanlam brand heinie werth chief executive sanlam emerging markets liz lambrechts chief executive santam anton gildenhuys chief actuary and group risk officer recent news edit for the six months to june 2015 18 sanlam reported an increase in new business volumes of 22 % to r100 billion compared to the same period in 2014 . the net result from financial services increased by 5 % on the first half of 2014 ; up 11 % excluding certain one