Sanlam looks to the East

Sanlam investments is pumping $22,5million into a joint venture with SMC, India's fourth largest securities broker. The amount is split three ways between an asset manager, a wealth management business and a direct stake in SMC. New Delhi-based SMC has a network of more than 1350 branches in India. Sanlam emerging markets chief executive Sanjeev Gupta will head the group's new venture. - Richard Stovin-Bradford

Sanlam investments is pumping $22,5million into a joint venture with SMC, India's fourth largest securities broker. The amount is split three ways between an asset manager, a wealth management business and a direct stake in SMC. New Delhi-based SMC has a network of more than 1350 branches in India. Sanlam emerging markets chief executive Sanjeev Gupta will head the group's new venture. - Richard Stovin-Bradford

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