FNZ acquires third-party administration firm Silica from Ninety One

SOUTH AFRICA – FNZ, a global wealth management platform, has acquired South African third-party administration firm Silica from Ninety One, following receipt of the necessary regulatory approvals. The acquisition further supports FNZ’s long-term strategy of expanding the accessibility of wealth management services in the South African market. Silica was established by Ninety One (then Investec Asset Management) in 1999 and provides third-party administration and related technology solutions to asset managers and investment product providers (including Ninety One) throughout South Africa. “We are excited to be making a substantial investment in…

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