The race for SA's best asset manager heats up with Stanlib and JP Morgan partnership

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.Stanlib has partnered with J.P. Morgan Asset Management as the race to become the best or biggest asset manager in SA heats up.
.Stanlib has partnered with J.P. Morgan Asset Management as the race to become the best or biggest asset manager in SA heats up.

Stanlib has partnered with J.P. Morgan Asset Management as the race to become the best or biggest asset manager in SA heats up.

The Liberty-owned asset management firm announced on Thursday that the partnership with J.P. Morgan Asset Management (JPMAM) will become Stanlib’s primary strategic offshore partner and complement Stanlib’s existing offshore offering.

This will help Stanlib give its clients with access to more global investment solutions. JPMAM will also exclusively use Stanlib to distribute its investment product offerings into South Africa.

"The power of this partnership combines the depth, breadth and scale of JPMAM’s expertise across asset classes and products with our local capabilities to bring together complimentary skillsets. Together, we will progress the future of asset management in Africa," said Stanlib CEO Derrick Msibi.

JPMAM is one of the largest asset management firms in the world with assets under management of US$2.7 trillion at the end of June 2021.

Stanlib too is among the biggest asset managers in SA. It over R600 billion in assets under management and administration.

Claude Kurzo, CEO of J.P. Morgan Asset Management Switzerland and Head of Middle East and Africa Wholesale said the two companies were excited by the vast range of investment opportunities and products they can now offer South African clients. 

 "These new products, the first of which is expected to be introduced in Q1 2022, will be designed to challenge the status quo and meet the evolving needs of our clients," said Heeger.

The announcement comes just over two weeks after Sanlam and Absa said they had joined forces to create one of the largest asset management businesses in the country.

The companies said Absa will exchange its investment management business, Absa Investments, for a stake of up to 17.5% in the asset management company that Sanlam created with Patrice Motsepe's African Rainbow Capital (ARC) called Sanlam Investment Holdings Proprietary Limited (SIH).

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