Standard Bank subsidiaries in Nigeria and Ghana also won the Best Private Bank award in their respective countries. [Photo/capitalfm.co.ke]

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Stanbic Bank Kenya has been named the Best Private Bank in Kenya for the third year running during 2017 the Banker & Professional Wealth Management Global Private Banking Awards that recognises excellence in wealth management.

Global Private Banking Awards evaluates banks on the progress they have made in their business growth strategy and how they boost inflows and profits.

Banks are evaluated on their client relationship management blueprints and how they have adapted portfolio management, asset allocation and product strategy to meet investors’ changing needs and attitude to risk.

The prestigious global recognition follows the recent recognition of Standard Bank Wealth and Investment as Africa’s Most Outstanding Global Private Bank for the third consecutive year by Private Banker International, a leading journal for the global wealth industry.

The division was also recognised in the Outstanding Philanthropy Offering category in the 27th Private Banker International Global Wealth Summit and Awards, held in Singapore.

Commenting on the award, Stanbic Bank’s Head of Wealth and Investment Anjali Harkoo said “This recognition is a testimony to our solid track record of providing bespoke solutions that are globally relevant, yet attuned to our clients’ dreams, goals, and ambitions. As a business, our focus remains goal-driven plans that take a long-term view of investments, while catering for short-term lifestyle needs”.

Standard Bank subsidiaries in Nigeria and Ghana also won the Best Private Bank award in their respective countries.

The Stanbic Bank Wealth and Investment has a presence in Kenya as well as South Africa, Nigeria, Ghana, Mauritius, Jersey, and London.

This international footprint, combined with the Standard Bank Group’s own African and international presence, and over a 155-year heritage, empowers the division with the diversification needed to lead a globally effective wealth strategy.

Two weeks ago, Stanbic Bank Kenya was named the Safest Bank in Kenya by the Global Finance publication.