NICO Asset Managers has launched the Offshore Investment Offering in collaboration with Sanlam Private Wealth, targeting high-net-worth clients. This initiative aims to provide stability, asset protection, and global market access. The leadership emphasizes partnership credibility and the importance of diversifying investments for better returns and economic growth in Malawi.
NICO Asset Managers, a branch of NICO Holdings Plc, has introduced the Offshore Investment Offering, collaborating with Sanlam Private Wealth from Mauritius, Cape Town, and London. This product aims to provide high-net-worth individuals with stability, asset protection, and sustainable growth within the global market.
During the launch event at Bingu International Conference Centre in Lilongwe, Managing Director Vizenge Kumwenda stressed the importance of expanding investment avenues for clients, highlighting the initiative’s involvement in international markets.
Kumwenda acknowledged the inherent risks associated with investments and underscored the significance of working with credible partners like Sanlam, known as one of Africa’s premier institutions. He reaffirmed that this partnership would present lucrative investment opportunities with reduced risks.
Alongside economic benefits for Malawi, Kumwenda asserted that participation in the global investment market is vital for the nation’s growth trajectory. Mark Muller, the Head of International Business at Sanlam Private Wealth, reinforced that this collaboration would enable Malawians to diversify their investments and access global markets effectively.
Muller indicated that diversifying portfolios away from local currency is essential, as hard currency typically retains its value while opening doors to superior global investment opportunities. Furthermore, Daniel Dunga, CEO of NICO Asset Managers, emphasized the platform’s potential in linking clients with major global enterprises.
He clarified that this initiative diverges from foreign direct investment, focusing instead on how Malawians can engage with international markets via offshore investments. Sanlam Private Wealth operates in 31 countries and caters to 69 million clients throughout Africa, being well-established across several nations since its inception in 2018.
The Offshore Investment Offering launched by NICO Asset Managers, in collaboration with Sanlam Private Wealth, seeks to broaden investment opportunities for Malawian clients. This product aims to secure high returns with manageable risks while enhancing Malawi’s economy through global market engagement. The partnership underscores the significance of credible associations in navigating investment landscapes and allowing Malawians to diversify their portfolios effectively.
Original Source: www.nyasatimes.com
