Standard Bank has long been one of Africa’s most recognisable financial institutions, but over the past two years its private banking franchise has undergone a significant strategic repositioning. A comprehensive transformation of the group’s wealth and investment business has reshaped the platform and clarified its long-term ambition within the group’s broader strategy.
The shift has been accompanied by a more disciplined approach to client growth and segmentation. Wealth management and private banking are now more closely integrated across the group’s operations in South Africa and the rest of Africa, while client onboarding criteria have been tightened to prioritise deeper, longer-term relationships with high-net-worth and ultra-high-net-worth clients.
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