Managers of Wealth Africa

Investec hit by rand depreciation

Investec's overall results for the nine months to the end of December were negatively affected by the depreciation of the rand:sterling exchange rate over the period.

IFAs are positive on frontier markets

UK financial advisers believe their clients should increase exposure to frontier markets including countries like Nigeria, according to the latest Baring Asset Management Investment Barometer.

Group of high networth private investors plans investment in Nigeria

The offshore credit lines for the project are being managed by Barclays Bank and HSBC for direct investment in viable business ventures in Nigeria.

Bob Diamond reveals banking plan for Africa

Ex-Barclays chief closes in on target as parttners put in $20m of own wealth

The biggest risks to your wealth in 2014

Top fund managers identify the potholes in the road.

What is the average price of wealth management deals?

This is the most authoritative look at consolidation activity in the global wealth space.

Aspen CEO joins the list of SA billionaires

Billionaire wealth increased by 50% from 2007

Old Mutual coup hits Absa Wealth

ABSA Wealth, reeling after the recent coup in which Old Mutual poached its asset management team, is still struggling to plug the gap.

HNW Investor Returns at a high, yet, confidence in Financial Service Providers at a Low – what’s the deal?

It’s more than just making money – it’s about: Trust, Transparency & Technology

South Africans wealthiest on the continent

Nevertheless, growth in wealth has been slower than in several other African countries. Ethiopians remain the poorest with assets of $260 a person last year, while Angolans have grown their wealth fastest.

Britam of Kenya Is Said to Plan Acquisition of Money Manager

British-American Investments Co., Kenya’s biggest publicly trader money manager, is in talks to buy an asset-management company, according to a person familiar with the transaction.

Nautilus Group opens offices in Hong Kong and Mauritius

‘The expansion of our business operations will also see some members of our Jersey team undertake secondments, for training and development purposes, in our new offices.’

SA at top of wealth list for Africa, Zimbabwe near bottom

Zimbabweans are among the poorest people in Africa, with the country’s controversial indigenisation laws expected to further erode their wealth

Standard Chartered hires senior private banker for Africa

Standard Chartered have announced the appointment of John Lee as Executive Director for West Africa in its Private Bank.

Angola’s Millionaires Targeted by Banco Privado Atlantico

Banco Privado Atlantico SA plans to open 25 more branches in the country over the next two years as it targets the growing ranks of the wealthy in Africa’s second-largest oil producer.

NBAD to tap Asia-Africa corridor

National Bank of Abu Dhabi plans to expand in a corridor from Africa to Asia in an attempt to gain business from trade flows between the continents,

Bob Diamond raises $325m for African banking venture

Former Barclays chief executive and continent's youngest billionaire intend to use funds to acquire stakes or operations in African financial services companies

Number of millionaires in Angola up 68% from 2007 to 2013

The number of millionaires in Angola rose by 68 percent from 2007 to 2013 and now totals 6,400, indicate figures from the New World Wealth consultancy cited by Lusa news agency.

Nautilus expands into Mauritius

Group will see the company strengthen its team by 12, bringing the number of Group employees to 77.

Nedbank launches Black Card for super-elites

American Express and Nedbank have partnered up to being the super-elite Amex Centurion card – more commonly known as the the “Black Card” – to a select group of South Africans.

Wealth and Asset Management