Africa's leading asset manager, STANLIB Africa, and its holding company, Liberty Holdings Limited, have launched STANLIB Ghana to increase its footprint in Africa.

The asset manager acquired 100 per cent shareholding in Stanbic Investment Management Services (SIMS) Ghana, now called STANLIB Ghana in August last year.

Mr Emmanuel Alex Asiedu, the Chief Executive Officer, STANLIB Ghana, speaking at the launch in Accra said the acquisition meant that STANLIB Ghana is able to tap into the vast experience of STANLIB Africa.

He said the changeover will also enable STANLIB Africa to gain from the local firm’s solid reputation and strong institutional client base.

Mr Asiedu said the acquisition of shares of SIMS, Ghana by STANLIB Africa has granted them access to a long tradition of investment excellence across the continent.

“Initially, SIMS, Ghana’s traditional products included money market, fixed income, equities and multi-asset funds,” he added.

The CEO said it also provided STANLIB Ghana with a wider range of products for its growing client base, which includes offshore investment schemes that could provide some currency diversification.

“With this acquisition, clients get access to world class fund manager, with deep experience in managing multiple products across different asset classes,” he said.

He said STANLIB Africa has kept its focus on providing customer satisfaction through the provision of investment excellence.

Mr Ben Kodisang, the Managing Director, STANLIB Africa, said the asset manager now has physical presence in eight African countries outside South Africa.

“There are plans to expand to Nigeria,” he added.

He said as STANLIB Africa builds its presence across Africa, its goal remained to create innovative, locally relevant investment solutions to sustainably grow customers’ investments.

Mrs Evelyn Essien, Head, Exchanges and Marketing Department, Securities and Exchange Commission expressed the hope that STANLIB Ghana would satisfy demands of their clients.

She also expressed the hope that all rules and regulations concerning the industry would be complied with.