Amid stiff competition, FNB once again rises to the top in the judges’ assessment based on its strength and distinction in key areas including products, innovation and technology, and client service and delivery, making it Africa’s best private bank for discretionary portfolio management.
A standout demonstration of the bank’s leadership in this area – indeed, a product solution that was innovative and delivered handsome returns for its clients during the awards period – is the bank’s so-called Local Select Note offering.
This exchange-traded note essentially enabled the bank’s discretionary portfolio team to move quickly to capitalize on short-term market opportunities for clients without additional instructions from them.
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