STANLIB’s takeover of SIMS Ghana to create wealth

Investors in Ghana have been offered bigger prospects with the acquisition of Stanbic Investment Management Services (SIMS) Ghana by the largest fund managers in Africa STANLIB. The investment management company operating under Standard Bank South Africa and Liberty Holdings boasts of over $50 billion in assets under its management. Speaking to Starr Business at an event to announce the takeover, Managing Director of STANLIB Ghana Emmanuel Alex Asiedu said the move provides a variety of products for clients. “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 etc. “They should expect deeper ethics in the industry. Basically they should expect cutting and leading edge investment solutions for themselves,” he said. STANLIB Africa aside South Africa has presence in Namibia, Lesotho, Botswana, Swaziland, Kenya, Uganda, South Sudan and now Ghana. 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.