CfC Stanbic Bank’s Wealth and Investment
division has been named the best private bank
in Kenya at the Global Private Banking Awards organized by The Banker &
Professional Wealth Management Magazines; publications of the Financial Times
Group.
The award was presented at a ceremony
that took place in Singapore yesterday.
Receiving the award, CfC Stanbic Bank
Head of Wealth and Investment Anjali Harkoo said the award was a testimony to
the quality of the bank’s unique customized solutions that cuts across
investment management through to succession planning and generational wealth
transfer.
“We are honored to be recognized as the Best
Private Bank in Kenya. It is the first time that a Kenyan bank has been picked
and it reflects our unwavering commitment to providing our high-net worth
clients and their families with first class wealth planning and
investment advice through our Wealth and Investment division.” said Ms. Harkoo.
The awards are evaluated on the client
relationship management blueprints and how the banks have adapted portfolio
management, asset allocation and product strategy to meet investors' changing
needs and attitude to risk.
CfC Stanbic bank’s Wealth and Investment team
prides itself in offering an integrated suite of end-to-end wealth management
and bespoke banking solutions. Wealth and Investment has full services
offices in Kenya, Nigeria, South Africa, Jersey and London and truly offer
clients a seamless solution for their on and offshore wealth management
needs. With the lowest client to Wealth and Relationship Manager ratios
(50:1) in the industry, we provide a commitment to always respond before the
sun sets.
“We place a strong focus on generational wealth
and our recently launched Leadership Academies honor our purpose of banking the
family and our belief in empowering the next generation of leaders. Our clients
have access to the Junior Leaders’ (10 -12 years), Young Leaders’ (13 – 17) and
Future Leaders’ (18-24 years) Academies where they are equipped with the
necessary financial skills to grow and manage wealth into the future. These
Academies were borne out of an understanding of the complexities that exist in
managing family wealth, and a desire to ensure that next generation heirs are
equipped to manage wealth and chart their own course,” added Ms. Harkoo.
Currently 70% of wealth is lost in the transfer to
the second generation and 90% is lost in the transfer to the third generation.
The Academies empower and educate the families of the CfC Stanbic bank Wealth
and Investment clients on the principles of investing, banking / lending,
financial planning, leadership and philanthropy.
CfC Stanbic Bank is a member of Standard Bank
Group whose Wealth and Investment division was also recently recognized as the
leading Private Bank on the African continent at the 25th Annual Private Banker
International (PBI) Global Wealth Summit and Awards.
