The firm is looking to expand its operation within the region.

Sanlam Private Wealth has opened its first office in Africa outside of South Afirica, with the launch of its Mauritius operation.

Mauritius will form the hub of SPW Africa’s expansion strategy – consisting of SPW Mauritius, focusing on wealth management, and Summit Trust Mauritius, a firm which offers multi-jurisdictional fiduciary and tax advice and services to private clients, and a range of company administration services to the corporate market, the firm said in a statement.

Summit Trust Mauritius was established in 2012 andover the past five years has grown within the country. Due to partnerships, Sanlam Group has its footprint across the Africa with operations in Kenya, Zimbabwe, Zambia, Namibia and Botswana. 

“Through our Mauritian operations, private clients in African countries will now have access to a range of international investment and wealth management solutions,” said Daniel Kriel, Sanlam Private Wealth chief executive.