Standard Bank Wealth Adjudged Africa’s Best Private Bank

An official of the bank receiving the prize

Standard Bank Wealth and Investment has been named Africa’s Most Outstanding Private Bank for the second year running by Private Banker International, a leading journal for the global wealth industry.

The award was announced at the 26th Private Banker International Global Wealth Summit and Awards held in Singapore.

Winning this award for the second year in a row, and being highly commended for the Most Outstanding Relationship Manager Training and Development Programme acknowledges Standard Bank’s commitment in building Africa’s most globally relevant wealth management offering, a statement from the group’s communications directorate said.

Standard Bank Wealth and Investment has presence in South Africa, Kenya, Nigeria, Ghana, Mauritius, New Jersey and London.

This footprint, combined with the Standard Bank Group’s 154-year heritage and presence in 20 countries in sub-Saharan Africa, empowers Standard Bank Wealth and Investment with the international diversification necessary to provide a seamless on-and offshore offering to its clients.

“We leverage our footprint to provide global wealth solutions that are locally relevant in Africa,” said Margaret Nienaber, Global Head of Standard Bank Wealth and Investment.

“With our on-the-ground expertise, we understand specific country nuances and their impact on the markets in which we operate. This positions us to support the wealth management ambitions of high net worth individuals and families across the continent.”

The Private Banker International Award follows Standard Bank Wealth and Investment’s receipt of Euromoney magazine’s Africa’s Best Bank for Wealth Management Award for Excellence in July.

These accolades reflect the bank’s ability to consistently deliver superior investment returns that outperform benchmarks.

These are delivered through “a sound investment philosophy, an experienced investment team, and a specialist offering that includes stockbroking, fund solutions, and bespoke discretionary managed portfolios through dedicated portfolio manager, Melville Douglas Nienaber explained.

Mrs Nienaber commented: “A key focus for Standard Bank Wealth and Investment is our generational wealth solutions and services for families.

“We focus on creating beneficiary support structures that include asset preservation and the skills necessary to ensure a lasting legacy.

“Africa is after all, our home, and we place considerable emphasis on driving her growth.”

The issue of generational wealth transfer was identified as the number one concern of high-net worth individuals globally, according to the Knight Frank Wealth Report 2016.

 

A business desk report

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