Published On: Tue, May 5th, 2015

SA firm acquires Stanbic Ghana entity



ACCRA- STANLIB Africa, the South Africa fund management firm, has wholly acquired STANBIC Investment Management Services (SIMS), an investment arm of Stanbic Bank Ghana.

To this end, SIMS has changed its name to STANLIB Ghana.

The deal, according to the parties would provide STANLIB with a deeper pool of investment in Ghana in asset and investment management.

The Chief Executive Officer of STANLIB Ghana, Alex Asiedu told journalists in Accra that the change would grant them access to long tradition of investment excellence across the continent, as STANLIB Africa is positioned in nine countries in Africa.

He said the acquisition of STANBLIC began some years back but was finalized last August by the Liberty Group through its Asset management.

“With this acquisition, clients get access to a world class Fund Management with deep experience in managing multiple products across different asset classes and geographies,” he said.

“STANBLIB Ghana has kept the focus on providing customer satisfaction through the provision of investment excellence and our growth momentum,” he added.

STANLIB Africa is a financial company set up by Standard Bank of South Africa and liberty Holdings to provide Africans with benefit of Savings, financial freedom, foster long term investment and development.

The change is said put Ghana in a better financial position because STANLIB is one of the largest Fund management in Africa with over US$50 billion in assets under management.

Currently, STANLIB Ghana has a wide range of products for its customers base, among them is money market, fixed income equities, multi-asset fund and offshore investment schemes that could provide currency diversification.

– CAJ News





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