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

Mel Stride awarded shadow chancellor in Badenoch shadow cabinet reshuffle

Mel Stride awarded shadow chancellor in Badenoch shadow cabinet reshuffle

Some leadership rivals awarded roles

Linus Uhlig
clock 05 November 2024 • 1 min read
FCA warns of 'growing concerns' on SIPP operators

FCA warns of 'growing concerns' on SIPP operators

SIPP firms warned on Consumer Duty failings, asset protection gaps, and oversight

Sahar Nazir
clock 05 November 2024 • 2 min read
Autumn Budget 24: 'Surprise' IHT on pensions puts advisers on high alert

Autumn Budget 24: 'Surprise' IHT on pensions puts advisers on high alert

Unexpected IHT shift to include pensions has left advisers racing to adapt estate strategies

Sahar Nazir
clock 04 November 2024 • 3 min read