FNZ acquires Silica

11 Feb 2022

FNZ acquired Silica in May 2021, which supporting our long-term strategy of expanding the accessibility of wealth management services in the South African market.

Silica is a leading provider of administration and technology solutions to asset and investment managers throughout Southern Africa and the United Kingdom. It services some 1.3 million active investor accounts and employs more than 400 people in South Africa.

The acquisition provides Silica and its clients with an independent owner, solely dedicated to asset and wealth management infrastructure, with international scale. Silica’s employees join a rapidly growing global platform business, with a long-term sustainable focus.

Silica’s technology and outsourcing services are used by some of the largest investment managers in Sub Saharan Africa and their rich experience in the South African investment industry helps drive continuous innovation to the benefit of clients and their investors.

For more information on services and solutions in the South African and sub-Saharan African market, please get in touch

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