Pictet Ties Up With South African Group on Investment Offering

Stephen Harris

22 September 2006

Sanlam Private Investments, the private client portfolio management and stockbroking subsidiary of South Africa’s Sanlam Group is partnering with Swiss private bank, Pictet & Cie to enhance its high net worth offering. “Through our partnership with Pictet, SPI clients will gain access to geographically diversified investment options as well as Pictet’s extensive product range. These include bespoke portfolio management, traditional and specialised funds and alternative investments,” said Daniël Kriel, chief executive officer of SPI. Some of Sanlam’s best funds are also currently being considered for inclusion on Pictet‘s open architecture platform, which will provide Pictet’s international client base with access to these funds for the first time. “Pictet has a wide global reach with investments spread across more than 80 countries. We believe that SPI shares our culture of excellence and this partnership provides the opportunity for Pictet to reach the South African market. Our focus on wealth management and investment in human capital means that through SPI we are able to offer the South African investors world class advice and investment opportunities,” said Jean-Francois Demole, one of Pictet’s eight managing partners.