Awards for Excellence 2017
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The award for best bank for wealth management in Africa this year goes to Standard Bank. With R79 billion ($6.14 billion) in wealth and investment assets under advisory, Standard Bank is Africa’s largest wealth manager.
South Africa is the bank’s largest market, but last year it added Ghana and increased the number of clients in Kenya. Despite the challenging financial markets, earnings for 2016 increased by 64%, well above targets the group set for the wealth and investment management business.
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In part its performance can be credited to the bank’s support of its advisers.
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