Sanlam Establishes Wealth Management Business

Sanlam Establishes Wealth Management Business                                   
Sanlam Limited                                                                  
Sanlamhof, Tuesday 30 July 2002                                                 
SANLAM ESTABLISHES WEALTH MANAGEMENT BUSINESS                                   
Sanlam today announced the establishment of Sanlam Wealth Management - a new    
business unit to further enhance the financial services group`s core focus of   
wealth creation and wealth management.                                          
Sanlam Wealth Management will concentrate on developing and delivering          
appropriate client solutions that will address the needs of the clients in the  
different market segments as effectively as possible. It will provide           
individuals and groups with quality financial advice and innovative products    
sourced from all businesses in the Sanlam group.                                
Sanlam`s chief executive Leon Vermaak says the establishment of Sanlam Wealth   
Management is a direct result of Sanlam`s overall strategy and vision of        
positioning itself as the leader in wealth creation.                            
Charl Le Roux, who headed up Sanlam Life, has been appointed chief executive of 
Sanlam Wealth Management. He retains his position of chairman of Innofin.       
Lize Lambrechts is appointed as chief executive of Sanlam Life, which will be   
positioned as a product manufacturer and comprises mainly of product development
and client service. She will also be responsible for Sanlam Unit Trusts and     
Sanlam Trust and will retain the Sanlam exco responsibility for Sanlam Namibia  
Kobus Mller, currently in charge of Sanlam Life operations, has been appointed 
to the office of the Group Financial Director, Flip Rademeyer, to strengthen    
that team`s capacity to implement group strategy. He will assume responsibility 
for certain group financial functions.                                          
Bonang Mohale chief executive, corporate marketing, will now also   be          
responsible for Sanlam Shared Services, Fundamo (a unit specialising in mobile  
payments) and Tasc (a portfolio administration and investment accounting unit   
for group investments and third party clients). These were previously part of   
the responsibilities of Lize Lambrechts.                                        
Commenting on his new business Charl le Roux said the establishment of Sanlam   
Wealth Management marks the beginning of a new era for Sanlam.                  
"We will position Sanlam Wealth Management very strongly in the market; and in  
doing so we will take up our rightful place as a truly customer-focused company.
We are confident that Sanlam Wealth Management will capture market share and    
further build our brand awareness. I have an excellent team in place to achieve 
this."                                                                          
Ends                                                                            
Issued by Sanlam Media Relations                                                
Frans van Rensburg (021) 947-4893                                               
Esann de Kock (021) 947-5435                                                    
Date: 30/07/2002 10:06:41 AM Supplied by www.sharenet.co.za                     
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