By Modupe Gbadeyanka
Standard Bank Group, to which Stanbic IBTC belongs, has clinched two awards at the Global Private Banking Awards for 2016 by Professional Wealth Management (PWM) and The Banker Magazine. The bank was named the ‘Best Private Bank (Wealth and Investment) in Nigeria’ and the ‘Best Private Bank in Kenya,’ an award it is winning for the second consecutive year.
Stanbic IBTC was the only organization so honoured in the West African sub-region.
The awards, a joint venture between The Banker and PWM Magazine, both part of the Financial Times Group, reward excellence in wealth management among banks from the Americas, Europe, Asia, Middle East and Africa, based on qualitative and quantitative criteria.
The winners were announced at a gala dinner and awards ceremony at the Four Seasons Hotel in Park Lane, London, on Wednesday, October 26, 2016, with Busola Jejelowo, Head, Wealth and Investment, Stanbic IBTC Asset Management Limited, representing Stanbic IBTC.
“Our Wealth Management Philosophy centres on managing, growing and protecting the generational wealth of our clients and their families. Our goals-driven investment approach allows our clients to take a long-term view of their investments, whilst simultaneously meeting their short-term lifestyle needs. Our aim is to accompany our clients through each stage of their life, giving purpose to their wealth and ensuring they leave a lasting legacy.
“With 153 years on-the-ground experience in Africa and operating in 20 countries on the continent, Standard Bank was recognized for its deep connection with and understanding of the local markets.
“Periodically, we see competitor banks withdrawing from African markets, whereas we are deeply rooted in our home continent,” said Deon de Klerk, head, Africa and International at Standard Bank Wealth and Investment. “Africa is our home, we drive her growth.”
Chief Executive, Stanbic IBTC Asset Management Limited, Mrs Bunmi Dayo-Olagunju said the awards unmistakably reinforce the Standard Bank Group’s status as Africa’s leading and biggest financial institution offering impeccable solutions and services across the financial services spectrum.
“We are especially pleased to receive recognition for our efforts. The banking sector in Nigeria has been under considerable pressure in recent times, but Stanbic IBTC has continued to deliver credible performances across all segments of the business. Thanks must go to all our clients and staff who made this possible,” she stated.
Mrs Dayo-Olagunju also said Stanbic IBTC’s goal of becoming Nigeria’s leading end-to-end financial solutions provider remains on course with the expanding footprint across the country, the launching of new business segments and introduction of bespoke products and services targeted at the various market segments.
This will be further augmented by the Standard Bank Group’s 154-year heritage and financial clout to provide a seamless on-and offshore offering to clients.
“Winning these accolades in this very important category is testament to our African capabilities and on the ground local expertise in the markets in which we operate,” said Mrs Dayo-Olagunju.
Stanbic IBTC Asset Management Limited is a wholly-owned subsidiary of Stanbic IBTC Holdings PLC a full service financial services group with a clear focus on three main business pillars – Corporate and Investment Banking, Personal and Business Banking and Wealth Management. Standard Bank Group, to which Stanbic IBTC Holdings belongs, is the largest African bank by assets. It is rooted in Africa with strategic representation in 20 countries on the African continent. Standard Bank has been in operation for over 153 years and is focused on building first-class, on-the-ground financial services institutions in chosen countries in Africa; and connecting selected emerging markets to Africa by applying sector expertise, particularly in natural resources, power and infrastructure.
