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Cape Town - Investec has been recognised by London’s Financial Times Group as the Best Private Bank and Wealth Manager in South Africa, at the 5th Annual Global Private Banking and Private Wealth Management (PWM) Awards, hosted in Geneva.
Significantly for South Africa, it was the first time in the event’s history that the country was invited to join the survey.
According to Yuri Bender, editor-in-chief of PWM, a part of London’s FT Group, "the panel of judges is particularly keen to cover developing and newly industrialised countries, and to identify the best banks servicing new sources of wealth".
As a relatively new member of the Brics grouping, they were drawn to include South Africa in the annual awards.
“Investec Private Banking, Wealth & Investment were judged favourably due to its clear development strategy, in addition to healthy inflows," he added.
"This is one of the few banks to actually lay down what its brand stands for in relation to customer experience. This brand is strong not just on home turf, but also has some recognition in the handful of key foreign markets on which the bank focuses."
Ciaran Whelan, global head of private banking, and Henry Blumenthal, head of wealth & investment, received the award.
“Winning this award demonstrates how a seamless client experience differentiates us in the market and reinforces the success of our teams working together,” said Whelan.
Significantly for South Africa, it was the first time in the event’s history that the country was invited to join the survey.
According to Yuri Bender, editor-in-chief of PWM, a part of London’s FT Group, "the panel of judges is particularly keen to cover developing and newly industrialised countries, and to identify the best banks servicing new sources of wealth".
As a relatively new member of the Brics grouping, they were drawn to include South Africa in the annual awards.
“Investec Private Banking, Wealth & Investment were judged favourably due to its clear development strategy, in addition to healthy inflows," he added.
"This is one of the few banks to actually lay down what its brand stands for in relation to customer experience. This brand is strong not just on home turf, but also has some recognition in the handful of key foreign markets on which the bank focuses."
Ciaran Whelan, global head of private banking, and Henry Blumenthal, head of wealth & investment, received the award.
“Winning this award demonstrates how a seamless client experience differentiates us in the market and reinforces the success of our teams working together,” said Whelan.
