StanBic Bank.[photo/stanbicbank.com]
StanBic Bank has created a unit, StanBic Wealth that is designed to offer the wealthy and firms a one stop investment shop for life, and general insurance and investment opportunities abroad.
According to The Business Daily on Thursday, Stanbic bank's Head of Wealth for East Africa, Adam Jones said that the unit has been created due to demand from the bank's clients.
"Our customers in Kenya are getting more sophisticated. We have more individuals and more organizations seeking wealth products. It is this demand that we intend to carter for by offering the best range of financial and banking solutions, " Jones said as quoted by The Business Daily.
The statement from the bank said that they intend to offer wealth services to all its clients despite their economic status by integrating the services in all the aspects of their services.
"Wealth is not only for the wealthy, it's for everyone. This is the reason we are integrating wealth across our range of services so that we can offer financial services and universal banking seamlessly from a single point of contact. "Jones said.
In addition, the bank said that as demand for the First Class services increase, they are predicting better investment returns in the long run.
"We expect this trend to continue growing in Kenya, which holds the best outlook for long term investment.