Alexander Forbes has partnered with a 100% black-owned healthcare consultancy firm to provide sub-contracting consulting work with an initial value of R12-million.
The collaboration with Evo Financial Services enables Alexander Forbes to contribute to the B-BBEE profile of the health consulting business landscape, and sees the financial services giant showing commitment to transformation in the financial services sector.
“Alexander Forbes is committed to finding suitable channels to strengthen our supply chain, deliver shareholder return and in turn contribute to South Africa’s growth. In this regard, we have embarked on a journey to partner and support a 100% black owned SME in the healthcare consulting industry. This enables Alexander Forbes to impact on the transformation of the business landscape,” said Alexander Forbes Health Managing Director, Butši Tladi.
Evo Financial Services has expertise in healthcare consulting with strong credentials in the mining and other unionised environments. In this partnership, Evo will benefit from operational support from Alexander Forbes in specialised areas such as actuarial, risk management and call centre capability.
“The partnership with Evo will enable Alexander Forbes to penetrate markets in which we are currently under represented,” said Tladi.
“Evo already has an exciting pipeline of business opportunities and our collaboration will improve their conversion rates and fast-track their ambition to become a formidable player in the industry,” said Tladi.
“We recognise our responsibility to facilitate and support empowering opportunities in line with the national agenda of developing and growing a robust economy,” she said.
Senzo Mthembu, CEO at Evo, said the financial services company, which has a 33% female management control, was led by a team with more than 60 years’ of experience in the industry.
“Health is the new wealth and Evo’s mission is to provide innovative solutions that preserve and enrich the lives of South African employees. We are ambitious about the impact we can make in the industry and we are proud to partner with Alexander Forbes, the largest heathcare adviser in the country,” he said.
Lauren Mendoza, Account Director: firstname.lastname@example.org; +27 (0) 83 999 2560
INFORMATION ON ALEXANDER FORBES
Alexander Forbes is a specialised financial services group headquartered in South Africa focusing on employee benefits solutions for institutional clients, and financial well-being and retail financial solutions for individual clients, in particular employees of the Group’s institutional clients. Alexander Forbes is listed on the Johannesburg Stock Exchange (“JSE”), and its primary clients span both the private and public sector market segments, including employers, retirement, health, investment and other special purpose funds on the institutional side, and individual members and beneficiaries of these funds, as well as the wider individual market, on the retail side. The main services provided by the Group include retirement funds and asset consulting, actuarial, investment and administration services, employee risk benefits and healthcare consulting, personal lines insurance, individual financial advisory and multi-manager investment solutions. Alexander Forbes’ principal geographic focus is in South Africa, where it has been operating since 1935, sub-Saharan Africa, the UK and other selected jurisdictions which have employee benefits legislative frameworks similar to South Africa.