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Sanlam CE appointed to Board of Shriram Capital Ltd

Sanlam CE appointed to Board of Shriram Capital Ltd
24-02-14 / Staff Writer

Sanlam CE appointed to Board of Shriram Capital Ltd

Shriram Capital is the holding company of various financial services entities within the Group, and is one of the most respected businesses in India.

Dr Van Zyl has led Sanlam's exponential growth in emerging markets, including the partnership with the Shriram Group which began in 2005 with Shriram Life Insurance.

In welcoming him to the Board, SCL Chairman, Mr Arun Duggal commented that Dr Van Zyl's appointment is an extension of the strategic long-term partnership between the Sanlam Group and the Shriram Group as the two companies seek to explore synergies and imbibe the best-of-class processes and practices in the financial services arena.

"Since Sanlam is acknowledged as a leading financial services Group and a pioneer in transformation, Dr Van Zyl will add an extra dimension to Shriram Capital's heritage, vision, values and strategy. He will act as a trusted advisor to the evolution of our business and brand, our commitment to socio-economic empowerment, our corporate social investment initiatives and much more."

Last year Sanlam, through Sanlam Emerging Markets, concluded two major investment transactions as part of the continued relationship with Shriram - an investment of R2,1 billion in Shriram Capital and a direct investment of R1,3 billion in Shriram Transport Finance. In December Sanlam Group reported that its operating results included a maiden contribution from its increased holding in Shriram Capital.

Says Dr Van Zyl: "It is an honour to be appointed on the Board of Shriram Capital as I have long admired the Group's commitment to business excellence, values and financial inclusion initiatives. I look forward to contributing in taking the Shriram Sanlam partnership to the next level"

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