Penny Lovell steps down as Sanlam Private Wealth CEO

Leadership shake up

clock • 1 min read

Penny Lovell, CEO of Sanlam Private Wealth, has stepped down from the role and departed the firm, it has been confirmed.

Her departure follows the purchase of Sanlam Wealth UK by Oaktree Capital Management funds in September last year. Lovell (pictured) joined Sanlam's executive committee in 2017. She has more than 25 years' experience in advising private clients, families and charities. Before joining Sanlam, Lovell was managing director at Rothschild and Fleming Family and Partners, and head of private client, marketing and distribution at Close Brothers Asset Management. Oaktree acquires Sanlam Wealth UK in £140m deal She is also a trustee for Prism: The Gift Fund, Pennies and sits on the board...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

IFS director warns of 'months of speculation' over Autumn tax rises

IFS director warns of 'months of speculation' over Autumn tax rises

Likely that taxes could be raised further, thinktank director warns

Sahar Nazir
clock 27 March 2025 • 2 min read
Shackleton adds £200m in assets with PK Financial Planning buy

Shackleton adds £200m in assets with PK Financial Planning buy

Acquires financial planning, employee benefits and DFM businesses

Jenna Brown
clock 27 March 2025 • 1 min read
Spring Statement 25: PISCES legislation to come in May

Spring Statement 25: PISCES legislation to come in May

Clarity on tax implications

Cristian Angeloni
clock 26 March 2025 • 1 min read