Home FEATURED STORY Stanbic unveils unit for the super-rich

Stanbic unveils unit for the super-rich

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Stanbic Bank Kenya has launched a new business unit called Wealth dedicated to offering a complete range of financial services including Life and General insurance, investments, health solutions and international products/services for individual and business clients across all points of contact with custo****.

It becomes the bank’s third business unit, dedicated to serve the bank’s growing Personal and Business Banking, as well as Corporate and Investment Banking client base.

Speaking d****g the launch, Stanbic Bank’s Regional Head of Wealth (East Africa), Adam Jones said that the renewed focus on the wealth offering is guided by customer needs and demand.

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“Our custo**** in Kenya are getting more sophisticated. We have more and more individuals and organisations seeking wealth-type products. It is this demand that we intend to cater for by offering the best range of financial services and products; hence the decision to give it the right focus within the organisation with the creation of this unit. We expect this trend to continue growing in Kenya, which **lds the best outlook for long term investment,” Mr Jones explained.

In delivering the Wealth proposition, the new division w*** leverage on the capabilities of Stanbic Bank Kenya as well as strategic partnerships with Liberty Group.

The Managing Director of Liberty Life ***urance, Abel Munda, said: “This partnership enables us to deliver a superior, enhanced and innovative value proposition to our custo**** that takes care of all their financial services needs. The one-stop s**p facilitates us to ****yse, *****s and advise clients efficiently based on their individual needs.”

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Through the connections to offs**re capabilities in Isle of Man, Jersey and Mauritius, as well as ons**re capability, Stanbic Bank Kenya w*** offer investment products and solutions across all customer segments.

“Wealth is not only for the wealthy; it is for everyone. This is the reason we are integrating Wealth across our range of financial services so that we can offer Universal Banking and Financial Services solutions proposition more **lisitcally and seamlessly from a single point of contact. We have the expertise, people, network of partners and ability to offer our clients an unmatched experience and one solution for all their on-s**re and off-s**re financial planning needs,” Mr Jones added.

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Written by
BT Reporter -

editor [at] businesstoday.co.ke

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