Managers of Wealth Africa

Wealth Management’s Profitless Boom Time by Phil Banas

Wealth management is booming, but business is about growing profits, not just revenues

Old Mutual posts 17 pct jump in H1 underlying profit

The FTSE 100 insurer said, however, that it expected the external conditions for its emerging markets businesses to continue to be challenging in the next six months.

Barclays Africa duo deliver gains

The duo then waited patiently to answer questions from a room full of shareholders and analysts, who have generally been critical of their leadership of the bank.

South Africa’s leading wealth management specialist to host 'Inspiration Indaba'

South Africa has a rich heritage of individuals whose stories have the power to inspire and humble.

Absa expects growth to decelerate to 1.5 per cent in 2014

Revenue grew 5 per cent to 21.4 billion rand for the interim reporting period ended 30 June 2014 from 20.3 billion rand in the previous comparative period.

Investec feels impact of stronger pound

Wealth & Investment reported strong growth in operating profit.

Max-Gbinije: Nigerians Now Realise the Importance of Trusteeship Services

A trust is an equitable obligation binding a person called a trustee to deal with asset or property

Private banks must change tack as wealth shifts to emerging markets

An emerging market entrepreneur is a lot more likely to come to the bank looking for a business loan than a wealth fund

Absa Wealth bleeds talent at the top amid mutters over pay

More than 11 key staff have left WIM since October last year. When staff leave specialised units such as WIM revenue tends to follow them to their new companies because of the relationship they have with their clients.

Nedbank boss plans leadership shake-up

The executive shake-up was alluded to in Nedbank’s recent update to the market after Brown missed his self-imposed deadline to appoint a new retail and banking head by the beginning of this month.

Nigeria’s growing middle class offers retail riches, and danger

Before she can buy a loaf of bread at her local Shoprite in the northern Nigerian city of Kano, Binta Isa has to clear security.

The capitalist wealth of South Africans

SA has one of the broadest ownerships of any financial exchange in the world today.

HNWIs money’s should be invested globally, directly

The recent South Africa 2014 Wealth Book revealed that South Africa's 47 464 high net worth individuals (HNWIs) hold only 17.4% of their wealth outside of their home country, significantly lower than the global average of 20-30%.

Investment concerns of the wealthy - chael Wilmot, head of investments at Nedbank Private Wealth

Many high net worth individuals are concerned about decisions to reduce the equity exposure in their portfolios, especially against the background of the tax costs such a decision would trigger.

Mauritian bid to be African sukuk hotspot stacks up

Islamic bankers don’t need new excuses to travel to the world’s sunnier climes, but meetings in Mauritius next to its pristine coral sand beaches could soon become a feature of the market — and not just for obvious reasons.

YourWealth buyer seeks further online advice deals

Momentum Global Investors’ recent deal for the YourWealth.co.uk site is part of the South African asset manager’s drive for growth which its chief executive has said will see it seek further deals in the online advice market.

Nigerians tap into Africa’s growing $1.5bn luxury market

Already, Nigerian made luxury brands are making inroads into high end stores in Nigeria and other countries in the region, including Namibia and South Africa, which have the largest luxury market on the continent.

Zenith Bank, Virgin Atlantic promote entrepreneurship

Two of Nigeria’s brightest young entrepreneurs have had a business master class from Richard Branson, after winning a competition by British Council and Virgin Atlantic in partnership with Zenith Bank.

Ecobank launches premier banking service in Nigeria

Ecobank Nigeria has unveiled its dedicated banking service delivery christened Premier Banking Service targeted at high net-worth customers of the bank.

EM private banking needs differ

To private banks, these emerging market (EM) entrepreneurs represent a potentially huge new client segment, but to serve them, we must do things a little differently.

Wealth and Asset Management