NICO Asset Managers has launched the Offshore Investment Offering in collaboration with Sanlam Private Wealth to support high-net-worth clients. This product aims to enhance stability, asset protection, and growth in the global market. Key leaders emphasized the importance of diversifying portfolios and accessing international markets for better investment opportunities.
NICO Asset Managers, part of NICO Holdings Plc, has introduced a new product known as the Offshore Investment Offering, developed in collaboration with Sanlam Private Wealth from Mauritius, Cape Town, and London. This initiative aims to provide high-net-worth clients with enhanced stability, asset protection, and sustainable growth opportunities in the global market.
During the official launch held at the Bingu International Conference Centre (BICC) in Lilongwe, Managing Director of NICO Holdings Limited, Vizenge Kumwenda, underscored the importance of broadening investment avenues for clients by engaging with global markets. He acknowledged the inherent risks of investments and highlighted the significance of partnering with reputable institutions like Sanlam, a leading African financial entity.
Kumwenda assured Malawians that this partnership offers significant returns with reduced risks, emphasizing that it represents an ideal path for Malawi to integrate into the global investment landscape, subsequently fostering economic growth.
Mark Muller, Head of International Business for Sanlam Private Wealth, expressed that this collaboration allows Malawians to diversify their portfolios through offshore investments, thus gaining access to global markets. He pointed out that it is essential to diversify investments held in local currencies, as hard currency investments often maintain their value and provide superior global opportunities.
CEO of NICO Asset Managers, Daniel Dunga, reiterated the significance of the Offshore Investment Offering, stating that it enables clients to connect with major global companies. He clarified the distinction between this initiative and foreign direct investment, highlighting that foreign direct investment pertains to external entities investing in Malawi, while offshore investments empower Malawians to explore international markets.
Sanlam Private Wealth serves clients in 31 countries across Africa, with a clientele of approximately 69 million, and maintains a substantial presence in various nations including Kenya, Zambia, Zimbabwe, Botswana, Mauritius, South Africa, and Namibia.
The launch of the Offshore Investment Offering by NICO Asset Managers, in partnership with Sanlam Private Wealth, enables Malawians to expand their investment horizons while fostering economic growth. This initiative aims to offer stability and high returns while minimizing risks, thereby encouraging clients to diversify their portfolios and engage with global markets effectively. With the backing of a credible partner like Sanlam, NICO Asset Managers positions itself as a significant player in enhancing investment opportunities for Malawians.
Original Source: www.nyasatimes.com
