Sanlam Private Wealth was established by Werner Stals in 2009 in Sydney, Australia. He has extensive experience in the banking, funds management and equity and capital markets. He articled with Price Waterhouse and then joined Hill Samuel Merchant Bank in London in 1987.

He returned to South Africa in 1990 and became managing director of Huysamer Stals, a leading full-service stockbroker. When the broker was sold to ABN Amro in 1998 he became CEO of the bank in South Africa.

He and two partners then started RECM (funds management) and Sanlam Private Wealth Capital (Private Equity) in 2003, now with $1.6 bn under management.