Managers of Wealth Africa

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.

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Standard Bank adopts KBRR rates

Standard Chartered Bank has become the first financial institution to officially adopt the Kenya Bankers Reference Rate in lending.

Barclays Group Africa flags H1 earnings to rise 8-11 pct

Its shares extended losses after the announcement, dropping more than 2 percent to 160 rand.

Grindrod Bank welcomes Bidvest’s takeover bid

Grindrod Bank is behind Net1 UEPS, a technology firm that won a multimillion-rand contract

South Africa’s richest banks

South African banks once again top the list for the African continent in The Banker's Top 1000 Banks global rankings.

Swiss private banking group raises $530 million to invest in Africa

The fund, which will focus on making deals in Africa, will be managed by Amethis Finance

Wealth and Asset Management