Penny Lovell steps down as Sanlam Private Wealth CEO

Leadership shake up

clock • 1 min read
Penny Lovell of Sanlam Private Wealth
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Penny Lovell of Sanlam Private Wealth

Penny Lovell, CEO of Sanlam Private Wealth, has stepped down from the role and departed the firm, it has been confirmed.

Her departure follows the purchase of Sanlam Wealth UK by Oaktree Capital Management funds in September last year. Lovell joined Sanlam's executive committee in 2017. She has over 25 years' experience in advising private clients, families and charities. Before joining Sanlam, Lovell was managing director at Rothschild and Fleming Family and Partners, and head of private client, marketing and distribution at Close Brothers Asset Management. Haig Bathgate among new executive team for former Sanlam wealth business She is also a trustee for Prism: The Gift Fund, Pennies and sits on ...

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