What is "stanlib"

STANLIB is an asset manager based in Johannesburg with a footprint in 7 African countries. The company was formed in 2002 as merger of Liberty Capital Asset Management and Standard Corporate and Merchant Bank Asset Management which at the time were subsidiaries of Liberty Holdings and Standard Bank respectively. It is the biggest unit trust company by market share, managing capital for over 400 000 clients. It runs the oldest existing unit trust in South Africa. As of 2012, STANLIB had R528 billion in assets under management.