Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Top Stories



Standard Bank Private Clients is to be renamed ‘Wealth and Investment’ to reflect its commitment to adapting its service offering to the evolving needs of its customers, as well as to align to global standards for high net worth Wealth Management.

According to Deon de Klerk, Head of Wealth and Investment, Africa and International, “The name change is a reflection of our shift in strategy to provide more holistic financial planning and advisory solutions around wealth creation, lifestyle requirements, wealth preservation and legacy and philanthropic ambitions. This shift is in response to changes in the High Net Worth market, and a need to position the business more closely with international competitors,” he says.

Wealth and Investment offers an integrated solution that includes specialised lending, risk solutions, transactional banking, trust and fiduciary services and investment solutions.  Their investment solutions include stockbroking, fund solutions and portfolio management through boutique asset manager, Melville Douglas. “We follow an ‘open architecture’ approach, giving our clients access to best of breed investment solutions irrespective of investment house,” explains de Klerk.

Deon de Klerk

Deon de Klerk

The business currently manages in excess of $12 billion in assets under management worldwide. Seven years ago, Standard Bank Private Clients was established as a separate business to Private Banking to cater to the wealth management needs of the bank’s High Net Worth clients who are different from the target market falling under Private Banking.

Private Banking, caters to individuals with an annual income of at least $60,000 whereas Wealth and Investment services clients who have the potential for investable assets in excess of USD1million.

A key differentiator for Wealth and Investment is its Future Leaders’ Academy, launched last year to pass on money management and entrepreneurial skills to the younger generation.

“The feedback from our clients was so positive that this year we are also hosting the Future Leaders Academy (18-24 year olds) and the Young Leaders Academy (13 – 17 year olds) in London”, says De Klerk.

He says, “Our Leadership Academies honour our purpose of banking the family and our belief in empowering the next generation of leaders. We invite the family members of our clients to deepen their knowledge of financial literacy, investing, leadership and philanthropy in an interactive and engaging learning experience”

De Klerk concludes saying, “The past seven years have been about establishing the business, getting it right, and building deep, meaningful engagements with clients. Our focus has always been on delivering uncompromising ‘before the sun sets’ service to our clients, and that commitment remains. We now have a footprint throughout South Africa and in Kenya, Nigeria, Mauritius, London and Jersey and can truly offer clients a seamless solution for their on and offshore financial planning needs.”

Global Banking & Finance Review


Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!

By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post