11/27/2013
Swiss Wealth Manager UBS Targets Africa’s Millionaires
The amount of people on the continent that fall within our wealth- management bracket is increasing every day and there are still tons of opportunities relatively untapped.
Wealth and Asset Management
11/25/2013
Absa Named SA's Best Bank in Service Excellence
Absa said that the award was a tremendous honour and recognition for how we are committed to treating our customers fairly and resolving their queries timeously.
11/21/2013
UBS Targets African Wealthy After Credit Suisse Takes Step Back
UBS is vying with Swiss banks from Julius Baer Group Ltd. to Pictet & Cie. for emerging market millionaires as a global crackdown on tax evasion forces European and American clients to withdraw funds.
11/20/2013
Investec Takes a Knock From Weak Rand
Investec reported a drop in earnings for its half-year results due to rand weakness.
11/18/2013
Nedbank Plan to Take 20% Ecobank Stake to Cost Over $500 Million
Nedbank intends to take up its right to convert a $285 million loan made to Ecobank in 2011 into an estimated 11 percent stake
11/18/2013
Sanlam’s expansion plans boosted by demand for foreign equity
Sanlam's private investment unit in London is looking to make a medium-sized offshore acquisition in the region and launch a new global equity fund early in 2014
11/18/2013
Sanlam’s expansion plans boosted by demand for foreign equity
The CEO of the private investment business, Daniel Kriel, has been making small bolt-on acquisitions of other wealth management firms over the past few years, but the pace is being stepped up to meet growing demand.
11/10/2013
Tension as Nedbank Moves to Raise Stake in Ecobank
The move by South Africa’s Nedbank Group to increase its stake in Ecobank Transnational Incorporated is causing anxiety in the market.
11/10/2013
Standard Chartered cuts target as growth slows and regulation bites
Standard Chartered has been one of the best performing banks over the last decade, trebling in size and delivering compound annual income growth of 15 percent
11/05/2013
Old Mutual assets lifted 14 pct by better markets
Old Mutual plc Interim Management Statement For the three months ended 30 September 2013 Operational performance remains strong
11/05/2013
Offshore Wealth
New serivice launched
11/04/2013
Absa simplifies its structure
ABSA, a subsidiary of Barclays Africa Group, has simplified its structure by combining its wealth, asset management, stockbroking and investment management platforms under one umbrella.
11/04/2013
Luxury Brands Turn Attention to Africa
Africa's growing middle class has expensive tastes and research by Bain & Company suggests that luxury goods sales will increase by 11% this year - demonstrating the continent's potential for upmarket goods.
11/03/2013
HSBC's profits surge 30% driven by Hong Kong and UK
The bank's home markets of the UK and Hong Kong were responsible for more than half of the group's profits.
11/03/2013
Barclays Africa to Combine Wealth, Asset Management Businesses
Barclays Plc’s South African unit plans to combine its wealth, asset management, stock broking and investment administration businesses.
10/31/2013
SA’s wealthy among most giving in world
The global economic crisis had knocked South Africa’s giving, cutting the percentage of those ready to dip into their pockets from 2010’s 94% to 91%.
10/30/2013
Investec triumphs in global awards
It was the first time in the event’s history that South Africa was invited to join the survey
10/29/2013
Barclays sees adjusted profit before tax fall by 20% to £4.9bn
Investment Bank income was down 7%
10/28/2013
UBS profit beats forecasts, sees more litigation charges
UBS’s third-quarter adjusted¹ profit before tax of CHF 484 million achieved in a challenging environment
10/22/2013
Societe Generale develops its private banking offering in Morocco
Societe Generale thus aims to capitalise on its businesses to provide its Morocco-resident clients with a full range of tailor-made banking services, investment and financial advisory and wealth management know-how."