STANLIB Africa, the leading asset manager, and its holding company, Liberty Holdings has launched its subsidiary in Ghana.
This was after the company acquired 100 percent shareholding in Stanbic Investment Management Services (SIMS) Ghana.
STANLIB Africa aside South Africa has presence in Namibia, Lesotho, Botswana, Swaziland, Kenya, Uganda, South Sudan and now Ghana.
The investment management company operating under Standard Bank South Africa and Liberty Holdings boasts of over $50 billion in assets under its management.
Speaking at the launch, the Chief Executive Officer of STANLIB Ghana, Emmanuel Alex Asiedu said the latest acquisition is to enable them tap into the vast experience of STANLIB Africa.
“With this acquisition, clients get access to world class fund manager, with deep experience in managing multiple products across different asset classes,” he added.
Mr. Asiedu indicated that the changeover will also enable STANLIB Africa to gain from the local firm’s solid reputation and strong institutional client base.
“So now when clients come to us they shouldn’t just expect fixed income or T-bills. They should expect more exciting investment opportunities; currency diversification, commodities, properties and many others” he stated.
Asiedu believes the experience the company has gathered in the investment management sector over the years will be tapped into to create wealth for Ghanaian investors.
“Once they are with us they should expect that we will help them to create wealth, much more wealth than they’ve seen before,” he promised.
For his part, Managing Director, STANLIB Africa, Ben Kodisang said though the asset manager now has physical presence in eight African countries, “there are plans to expand to Nigeria”.
He said as STANLIB Africa builds its presence across Africa, its goal remained to create innovative, locally relevant investment solutions to sustainably grow customers’ investments.
Ben Kodisang was optimistic STANLIB Ghana would satisfy the demands of clients.
Story by Ghana|myjoyonline.com
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