Sanlam poaches Close Brothers AM's Lovell to lead HNW offering

Launches private office arm

Mike Sheen
clock • 1 min read

Sanlam UK has hired Penny Lovell from Close Brothers Asset Management as head of private client, as the firm looks to expand its high-net-worth offering.

Lovell will also join the firm's executive committee and assume the role of CEO of Sanlam Private Office, a new proposition targeting clients with assets of £1m and above. Five ex-Towry colleagues set up boutique wealth manager Lockhart Sanlam's group CEO, Jonathan Polin said: "I have spent the last two years reorganising and unifying the business to support the delivery of a vastly enhanced, client-focused 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 increa...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on People moves

Pollen Street names Lynn Fordham as chair in board shakeup

Pollen Street names Lynn Fordham as chair in board shakeup

Will succeed Robert Sharpe

Sorin Dojan
clock 20 June 2025 • 1 min read
GAM promotes Albert Saporta to group CEO in senior leadership overhaul

GAM promotes Albert Saporta to group CEO in senior leadership overhaul

Saporta succeeds Elmar Zumbuehl

Sorin Dojan
clock 18 June 2025 • 1 min read
HSBC AM selects Dan Rudd as UK CEO

HSBC AM selects Dan Rudd as UK CEO

Rudd brings over 30 years of experience

Patrick Brusnahan
clock 17 June 2025 • 1 min read
Trustpilot