Managers of Wealth Africa

South Africa's richest man Johann Rupert has lost over $1 billion due to Ukraine, Russia conflict

Escalating tensions between Russia and Ukraine have wiped $1 billion from the fortune of South Africa's richest man Johann Rupert.

The investor paradigm is shifting – what’s next?

In 2020 and 2021 alone we made huge investments in our digital and client-facing solutions to enhance features such as digital on-boarding.

Investec plans to double clients in four years, outpacing growth of SA economy

Investec says it will also focus on offering trade finance, working capital facilities and transactional banking to smaller companies.

Banker to rich South Africans plans to more than double its client base

“You operate in select markets and where we do, we have to be excellent because we are not the biggest.”

Credit Suisse quits wealth management in several African countries

The move comes in the wake of an adjustment to the group's strategy announced in November 2021.

Stonehage Fleming completes deal to acquire Maitland’s private client business

The transaction adds £1bn of AUM and £15bn of AUA, taking Stonehage Fleming’s AUM to over £16bn and AUA to over £60bn.

South African UHNWIs: Guernsey - The Jurisdiction of Choice

This is Evident in the number of well-known South African blue chip companies that have apresence in Guernsey

Meeting the development needs of the finance sector through inclusivity, representation and diversity

Meet ASISA interns Nokwanda Msimang and Ncobile Sibeko

The Mauritius foundation: charitable giving built on strong foundations

Mauritius offers stability, security and reliability, and is firmly grounded in good governance and rule of law within an open and liberal economy.

SS&C Intralinks Predicts Sustained Growth for M&A in Q1 2022

“M&A markets are bound to keep pace with a record 2021.”

HSBC Private Bank Lures Record $3.2 Billion Into Alternatives

Bank raised $1.9 billion for alternative investments in Asia

UAE targets rich Africans to boost post-pandemic investments

The statement was released ahead of the Annual Investment Meeting (AIM) a platform the UAE government has traditionally used to market its opportunities to investors as well as enhance networks.

Africa Merchant Capital spins out trade finance unit led

The demerger follows a 2020 US$6.5mn investment into AMCTF from ZIP, through its African food security fund.

Proparco and Standard Bank increase access to finance for SMMEs

The Choose Africa initiative aims to accelerate Africa’s growth of SMMEs

Bank of Kigali investors grow wealth at Nairobi Securities Exchange

She said investors are also keen on buying the Bank of Kigali Group Plc shares, trusting the group’s business fundamentals, Rwanda’s economic rebound and strong future growth prospects.

FirstBank Wins Private Bank Of The Year Award for 2021

The awarding body also praised the bank for Its customer service which has been integral in fostering its relationship with customers.

South Africa’s asset management king?

It’s very rare for one investment firm – albeit a significantly smaller business – to write about the success and accomplishments of another.

Investec lifts earnings guidance after strong first half

Return on equity (ROE) was 11.2% for the period (1H2021: 5.3%) and return on tangible equity (ROTE) was 12.1% (1H2021: 5.8%).

Further Success For JTC at MENA awards

Judged by a panel of independent experts, the Awards are recognised across the industry as a demonstration of achievement, top class performance and innovation.

AfrAsia Bank – Best Private Bank & Best Bank in Mauritius

This 14th awards edition focussed on rewarding financial institutions that have demonstrated that adversity drives opportunity in Europe, Middle East and Africa.

Wealth and Asset Management