Sanlam sells UK wealth arm for £140m

Sanlam has sold its UK wealth management division, Sanlam Wealth, to private equity firm Oaktree Capital Management for £140m. Oaktree already owns IFA consolidator Ascot Lloyd but the two businesses will continue to operate independently, according to a release published by Sanlam today (September 20). The private equity house’s deal is expected to close in the […]