Standard Bank Wealth and Investment has won the Best Private Bank for Customer Service in Africa for the second year running at the Professional Wealth Management (PWM) and Financial Times Global Private Banking Awards.
It also picked up the Best Private Bank in Nigeria for the third year in a row and for the first time, received the Highly Commended Private Bank in South Africa.
With the needs of wealthy individuals in Africa becoming more complex as incomes and economies mature and improve, trustworthy partners who place the interest of clients first are essential.
Standard Bank Wealth and Investment has been delivering bespoke and trusted wealth management and banking solutions seamlessly within South Africa, Africa and offshore for a number of years and prides itself on its best-in-class service offerings, competitive strategies and client-centricity.
According to Chris Browne, Group Head at Standard Bank Wealth and Investment, the ability to craft unique long-term inter-generational wealth plans that enable clients to better build, preserve and grow their wealth is what continues to set the bank apart.
“We are honoured to have received these awards at such a prestigious global event. It is thanks to the dedication of our expert teams of relationship managers, wealth managers and experts on the ground within the countries we serve that continues to give us the edge and ability to maintain and exceed these high standards,” says Browne.
The level of complexity within markets has heightened risks for wealthy individuals, ushering in the need for specific expertise across a broad spectrum, from investment specialisation and system sophistication to the management of endowments, retirement funds and institutional mandates, among others. At the same time, absolute discretion and confidentiality are crucial.
The ultra-wealthy in Africa are also increasingly interested in leaving a legacy and providing more for society at large through philanthropic activities and they expect their service providers to have the functionality and services to assist.
With a presence throughout South Africa, as well as in Kenya, Nigeria, Ghana, Uganda, Mauritius, Jersey and London, Wealth and Investment’s international footprint, combined with the Standard Bank Group’s own African and international presence, and over 156-year heritage, empowers the bank with the diversification needed to lead a globally effective wealth strategy.
This award follows a number of international awards that Wealth and Investment has received recently for its ability to assist clients, by providing cradle-to-grave private banking and wealth management propositions, aligned to their unique wealth ambitions.
“Africa is increasingly important as a source of future wealth and Standard Bank Wealth and Investment remains extremely well positioned to seamlessly deliver the required wealth management and bespoke banking solutions,” says Browne.