Managers of Wealth Africa

FNB and RMB Private Bank win 9 awards for excellence in Private Banking at Euromoney

RMB Private Bank won two awards for the Best Bank for Ultra High Net Worth Individuals and Best bank for ESG Investing in South Africa.

Africa’s best private bank 2023: Standard Bank Wealth and Investment

This year, amid strong competition, the judges agree that Standard Bank Wealth and Investment is the institution that has best demonstrated its distinction and regional leadership in Africa

Deutsche Bank Expands Wealth Management Service to South Africa

South African clients will be served from Zurich, Switzerland.

Five African cities hold more than 50% of continent's private wealth

Egypt accounts for the most billionaires, says Africa Wealth Report

These are the richest cities and suburbs in South Africa

The report showed that being a continent with a fast-growing and young population, Africa holds a lot of potential for investment.

New ‘safe haven’ for wealthy South Africans

They said that Brits, Europeans and South Africans see the island as a ‘safe haven’ and are buying property for investment and lifestyle reasons.

Banque SYZ: your neighbourhood Swiss bank available in SA

Nicolas Syz, head of private banking at the group founded by his father in 1996, says Africa has turned out to be its fastest-growing market

HSBC Mines MENA Wealth Opportunity in Singapore

To cater to this demand, HSBC Global Private Banking formed a coverage team in the city-state in 2022 to work with existing colleagues in the Middle East where it has a significant existing presence.

South Africa’s leading luxury wellness Estate lists residence for €7.2million (R140m)

This includes South African nationals returning home, and clients from further afield such as Europe, the United States and Canada.

Iron Wealth gets approval for multi-family office services in Dubai

Iron Wealth will focus on providing wealth management and investment advisory services to Africa-based HNIs, family offices and businesses.

Standard Bank Wealth and Investment SA wins Best Private Bank Award

The winners are those institutions whose qualities rate highly with high-net-worth individuals choosing a wealth management provider.

Bank wealth managers fight for growing rich list

The wealth managers’ view corroborates multiple reports including Knight Frank, Forbes, Wealth X and Oxfam that have shown a burgeoning class of the rich in Kenya.

Kenya’s dollar multimillionaires double in 10 years

Of the 1,890 individuals, 130 have a net worth of over Sh6.2 billion ($50 million) and a combined wealth of Sh2.3 trillion ($18.7 billion).

Rich Kenyans sit on Sh922bn in dollars as shilling weakens

The deposits surge parallel with a decline in hard currency deposits held by commercial banks and the country’s official reserves, at a time the market faced issues of dollar availability in the market.

The richest people in South Africa at the start of 2023

Former diamond magnate Nicky Oppenheimer saw the highest net worth growth – adding $600 million to his wealth – and climbed the global ranking by over 100 positions – 331 to 229.

Investors’ wealth appreciates by N1b despite gloomy outlook

“Once again GTCO closed as the most traded counter, while overall activity level remains minimal and we are likely to see these lukewarm sessions throughout the week, as investors wind down for the holiday season.”

Sanlam, Absa deal clears all conditions to create one of SA’s largest black asset managers

Absa remains involved in the investment management sector through its shareholding in the combined entity and through a 10-year distribution agreement with that entity.

More wealthy women leaning into philanthropy in SA, Giving Report shows

Indicating that the profile of the country’s high-net-worth individuals may be changing.

The dos and don’ts of building generational wealth

Everybody dreams of handing over their accumulated wealth to the next generation, but few achieve it. Here’s why.

UBS looking to close dealmaking and advisory business in MENA region

The bank also decided to withdraw its on-the-ground activities in the last few weeks.

Wealth and Asset Management