NICO Asset Managers and Sanlam Private Wealth have launched the Offshore Investment Offering to provide high-net-worth clients in Malawi with opportunities for stability and growth in the global market. This partnership aims to enhance investment portfolios and economic growth through diversified offshore investments.
NICO Asset Managers, part of NICO Holdings Plc, has partnered with Sanlam Private Wealth from Mauritius, Cape Town, and London to launch the Offshore Investment Offering product. This new initiative aims to offer high-net-worth clients stability, asset protection, and sustainable growth opportunities in the global market.
During the launch event at Bingu International Conference Centre in Lilongwe, Managing Director Vizenge Kumwenda highlighted the importance of expanding investment avenues for clients by engaging with markets worldwide. He stated that while investments carry inherent risks, having credible partners is crucial for navigating these challenges.
Kumwenda assured Malawians that this partnership would provide investment opportunities characterized by high returns and minimal risks. He expressed optimism that this initiative would integrate Malawi into the global investment landscape and contribute to economic growth.
Mark Muller, the Head of International Business for Sanlam Private Wealth, emphasized the benefits of portfolio diversification for Malawians, advocating for offshore investments to improve financial outcomes. He noted that holding substantial funds in local currency necessitates diversification due to the stability of hard currency in accessing premier global investment opportunities.
Daniel Dunga, Chief Executive Officer of NICO Asset Managers, underscored the connectivity this platform creates between clients and major companies worldwide. He clarified that the initiative differs from foreign direct investment; it enables Malawians to engage directly with international markets as opposed to attracting external investments into Malawi.
Sanlam Private Wealth operates across 31 countries, servicing 69 million clients within Africa, reflecting its vast reach and expertise since its establishment in 2018, with offices in various African nations including Kenya, Zambia, and South Africa.
The Offshore Investment Offering by NICO Asset Managers, in partnership with Sanlam Private Wealth, enhances investment prospects for Malawians, promoting economic growth while mitigating risks. This initiative not only encourages diversification and access to global markets but also fosters financial stability for high-net-worth clients. The collaboration signifies a pivotal step for Malawi’s integration into the global investment landscape.
Original Source: www.nyasatimes.com
