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| Company type | Subsidiary |
|---|---|
| Industry | Financial services |
| Founded | 2002; 23 years ago (2002)[citation needed] |
| Headquarters | Johannesburg,South Africa |
Area served | Southern Africa |
| Products | Asset management Wealth management |
| Parent | Liberty Holdings Limited[citation needed] |
| Website | www |
STANLIB is aSouth Africanasset manager, based inJohannesburg. The company is a wholly owned subsidiary of JSE-listedLiberty Holdings Limited, and operates across 4Southern African countries.[1]
The company was formed in 2002 when Liberty Asset Management (LIBAM) and Standard Corporate and Merchant Bank Asset Management merged. Both of these companies at the time were subsidiaries ofLiberty Holdings andStandard Bank respectively.[2]
It is the biggestunit trust company bymarket share in South Africa, managing capital for over 400,000 clients.[citation needed] The company runs the oldest ongoing unit trust inSouth Africa, which was developed by finance company Liberty. As of 2017, STANLIB manages R608 billion in assets.[citation needed]
STANLIB's predecessor was incorporated in 1862 when theStandard Bank of British South Africa was founded inLondon. It became a South African bank in 1962. Life assurer Liberty Life was founded in 1957. The first unit trust was launched by Guardbank Management Corporation Ltd in 1970.[citation needed]
STANLIB's formation was the result of the amalgamation of seven Standard Bank and Liberty businesses in May 2002.[2] The amalgamation of various unit trust ranges followed in 2004. In June 2006, 15 investment franchises were formed.[citation needed]
In the same year, STANLIB's wealth business was integrated with asset management functions. Later in 2006, a distribution and client support function was established in the UK, in order to offer products suitable for international investors.Operations were expanded toUganda andBotswana in 1992,Namibia in 1994, andSwaziland andKenya in 1999.Lesotho followed in 2001.
STANLIB Africa has operated since 1997. Since its inception, STANLIB Africa has secured retail and institutional mandates in 7 countries outside South Africa.In 2007, the part of STANLIB not already owned byLiberty Holdings Limited was acquired by the latter. Liberty Holdings Limited has retained ownership since then.
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