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Company type | Unlisted subsidiary of JSE-listed entity |
---|---|
Industry | Financial services |
Founded | 2002 |
Headquarters | Johannesburg, South Africa |
Area served | South Africa and other African countries |
Products | Asset management Wealth management |
Revenue | [1] |
Total assets | [1] |
Number of employees | [1] |
Parent | Liberty Holdings Limited |
Website | www |
STANLIB is a South African asset manager based in Melrose Arch, Johannesburg which is a wholly owned subsidiary of JSE-listed Liberty Holdings Limited. STANLIB operates in nine African countries, and in key developed markets globally. 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 of Liberty Holdings and Standard Bank respectively.[2] It is the biggest unit trust company by market share, managing capital for over 400,000 clients. It runs the oldest existing unit trust in South Africa which was developed by Liberty. STANLIB manages and administers R608 billion (USD49 billion) (as at 31 December 2017) assets for more than 500,000 retail and institutional clients.