Managers of Wealth Africa

Threadneedle Finds African Partner In stanlib

UK-based Threadneedle Investments has formed a deal with South African asset manager Stanlib to refer clients to each others' funds.

Nedbank boss’ pay rises 13 percent

Nedbank, the South African lender controlled by Old Mutual, increased chief executive Mike Brown’s pay 13 percent to 32.5 million rand after profit rose more than estimated.

Carlyle eyes investments in Saudi Arabia, UAE, Turkey and North Africa

Carlyle, with $189 billion of assets under management across the world, opened Middle East offices in 2007

Ex-UBS equities head to set up African venture

Yassine Bouhara, a former UBS executive who co-led the bank's equities team at the time of its 2011 rogue trading scandal, is to set up a brokerage and advisory business focusing on Africa.

Investec Expects Marginally Higher Full-Year Operating Profit

Investec PLC Thursday said it expects its full-year operating profit to be marginally ahead of the previous year, as the specialist bank and asset manager coped with a significant depreciation of the rand against sterling over 2013.

Bring ‘em on, say tough-talking banking bosses

THERE was increased posturing and beating of chests when the country’s top four banks recently presented their financial results.

Leading Swiss Private bank lures Africa entrepreneurs with investment bankers

“We have a dedicated group of investment bankers embedded within private banking,” said Zurich-based Wright. “

Cape Town ‘offers the best value for $1m’

Cape Town buyers still get much more bang for their buck, where $1m will buy you a 215m² apartment in a top-end suburb.

Brooks Macdonald Int’l looks to South Africa with new hire

Brooks Macdonald International has appointed a new senior business development manager for their Jersey office.

Cash-flush Standard Bank on the prowl

Is Africa's largest bank, Standard Bank, gearing up for another mammoth deal?

Porsche eyes Kenya's affluent with franchise

German luxury automaker Porsche is looking to open an outlet in Kenya within a few months to target the growing number of local high net worth individuals.

Standard Bank Posts Rise in Profit, Targets Africa Growth

Standard Bank Group has produced a satisfactory performance in 2013, increasing headline earnings per share by 14% and net asset value per share by 14%. Group return on equity has increased to 14.1% from 14.0% in 2012.

Old Mutual rakes in millions

Old Mutual’s MD for Africa Operations, Johannes !Gawaxab, says the company is “future fit” as the Namibian operations under his wing recorded a growth of N$589 million after tax, thereby establishing its continuing dominance of the insur

Nedbank sees opportunities in inclusive private banking

South African bank offers services to wider customer base

Nedbank ready for 'Ramos war'

NedBank CEO Mike Brown is not worried about Barclays Africa CEO Maria Ramos's vow to fight harder in the battle for customers lost to Nedbank and other lenders.

Wealth tax will drive rich out of SA

With Finance Minister Pravin Gordhan’s upcoming National Budget address around the corner, one has to wonder whether he will consider instituting a wealth tax in an attempt to increase revenue collection.

Namibia: Bank Windhoek Takes Over Capricorn Asset Management

In terms of the agreement, Bank Windhoek Holdings Limited will acquire 100% of the issued share capital of CAM as at the effective date.

Standard Bank wins several prizes in 2014 foreign exchange provision awards

Stanbic Bank Tanzania’s parent company Standard Bank Group, Africa’s largest lender by assets, has been named the winner of Best Foreign Exchange Provider in Africa 2014 for a second successive year.

Nairobi's niche real estate seen ideal for high-net individuals

High net worth individuals seeking “risky” property investments with potential for huge returns would be better off venturing into Nairobi

AMCON to Offset N1Trillion Debt this Year

Chike-Obi spoke at a one-day public hearing on the AMCON Act, 2010 Bill, 2014 organized by the Senate Committee on Banking, Insurance and other Financial Institutions in Abuja.

Wealth and Asset Management