Standard Bank Wealth and Investment has won the prestigious award for Best Private Bank in South Africa and Top Wealth Manager for Wealthy Executives following the announcement by Intellidex and Investor’s Monthly at the SA’s Top Private Banks and Wealth Managers awards function last evening.
Within the present economic conditions, preserving and growing the wealth of families and individuals across the country is becoming increasingly complex, and more crucial than ever.
According to Shaun Kotwal, Head of Wealth Management in South Africa for Standard Bank Wealth and Investment, targeted best-in-class service offerings, competitive strategies and client-centricity are imperative to fulfil the wealth goals and aspirations of clients.
All this, coupled with maintaining deep and intelligent client relationships and adhering to key principles that go beyond wealth, allow Wealth and Investment to craft effective long-term inter-generational wealth plans that enable clients to better build, preserve and grow their wealth.
Standard Bank Wealth and Investment’s Leadership Academies, targeted at the family members of clients further sets Wealth and Investment apart. Launched specifically to engage with all members of the family between ages 10-24 years of age, and extending to a Women’s Wealth Academy, the Academies equip attendees with the necessary financial knowledge and skills to ensure the successful transfer and management of family wealth.
“We are delighted to see our efforts recognised in such an important South African award. It follows a number of international awards we have received recently for our ability to assist clients, by providing cradle-to-grave private banking and wealth management propositions, aligned to their unique wealth ambitions,” says Kotwal.
With a presence throughout South Africa, as well as in Kenya, Nigeria, Ghana, Uganda, Mauritius, Jersey and London, the Wealth and Investment’s international footprint, combined with the Standard Bank Group’s own African and international presence, and over 154-year heritage, empowers the bank with the diversification needed to lead a globally effective wealth strategy.
The increasing importance of Africa as a source of future wealth cannot be discounted.
“The majority of high-net-worth clients across Africa are seeking on-and offshore diversification, with an ever-increasing appetite for transactional capabilities, investments, lending, real estate and structures, supported by strong digital services. With the developing complexity of cross-border transactions, and a demand for real value, these clients are increasingly employing banking and wealth specialists with cross border expertise,” Kotwal says.
“Standard Bank Wealth and Investment is well positioned for this and, through our Relationship Managers, who in partnership with the Wealth Manager and their team of experts, seamlessly deliver the required wealth management and bespoke banking solutions.”
Kotwal concludes: “We are very proud to have been recognised for these achievements within South Africa and our focus will be to continually ensure that the unique goals and aspirations of our clients from across the continent are met for generations to come.”