JOHANESBURG, 07 July 2016 – A deep and growing commitment to providing holistic wealth solutions on the continent has assisted Standard Bank in being named Africa’s Best Bank for Wealth Management in the prestigious 2016 Euromoney Awards for Excellence.
Recognised for its approach to provide bespoke financial solutions that are unique to the needs of their clients and families, Standard Bank Wealth and Investment was ranked first in the annual review of professional wealth management service providers across the continent.
“At Standard Bank, we recognise that Africa is a hub of economic growth and we remain committed to the development of the continent. It is very rewarding to have been recognised for our ability to build deep and meaningful relationships with our clients, which enables us to provide a more personalised private banking and wealth management proposition,” says Margaret Nienaber, Global CEO of Wealth and Investment at Standard Bank. “The solutions offered by our Wealth business extends from financial planning to specialised financial services and investment management services which means we are able to support our clients' goals to sustain and grow their long term wealth” she adds.
Standard Bank Wealth and Investment provides advice led High Net-Worth solutions to clients across sub Saharan Africa with offices located throughout South Africa, and in Nigeria, Ghana Kenya, Mauritius, Jersey and London.
Leveraging off the Standard Bank Group footprint, Wealth and Investment also services clients in Namibia, Angola, Madagascar, Mozambique, Zambia, Zimbabwe, Malawi, Botswana, Uganda, Tanzania and the Ivory Coast
“Across the continent, the wealthy are increasingly seeking a partner who can help them achieve their ambitions and lifestyle goals. With our full spectrum of products and services and deep seated expertise of each of the markets we operate in, we are able to help High Net-Worth families on the continent protect and preserve their existing wealth for generations,” Nienaber explains.
Nienaber adds that we consider international diversification crucial to an effective overall wealth strategy, and Standard Bank Wealth and Investment is well positioned to cater to our clients on-and offshore financial planning requirements.
In Kenya there is strong demand for the more sophisticated wills and trust services used by Ultra High Net Worth Individuals globally. Off-shore property is a major constituent in structuring and realizing the goals of these fiduciary services in Kenya.
“Ghanaian’s have traditionally been domestically focused when it comes to investment opportunities, especially property, however are now also searching for global diversification offers to significantly increase their returns.”
In Nigeria long-term investment, diversification and access to solutions providing higher earning potential are priority for many of the country’s wealthy.
“With the developing complexity of cross-border transactions, as well as a demand for real value, these clients are also increasingly employing wealth specialists with cross border expertise, such as Standard Bank Wealth and Investment, in their respective fields to realise their aspirations,” Nienaber concludes.