AfrAsia Bank wins 2014′s Best Wealth Management Provider In Mauritius award
AfrAsia Bank CEO James Benoit noted that the award is recognition for the Bank’s continued excellence in wealth management and its global capabilities to provide a unique value proposition to its customers. (Image: i.ytimg)
Mauritius-based financial services major AfrAsia Bank was awarded ‘Best Wealth Management Provider in Mauritius 2014’ by leading UK finance magazine World Finance on the strength of its quality offerings and service differentiation.
AfrAsia Bank has continued to invest in its delivery capabilities and its people to better serve its customers by focusing on core business lines: Corporate and Investment Banking, Private Banking and Wealth Management, International Banking and Treasury.
“The aim is to position the bank as a Private Banking specialist offering innovative solutions to clients both locally and internationally,” said the Chief Executive Officer of AfrAsia Bank, James Benoit.
“This award is recognition for our continued excellence in wealth management and our global capabilities to provide a unique value proposition to our customers. We wish to thank our clients for their trust and support in our bank,” he further added.
The awards methodology was based on a series of questions revolving around the value proposition of ‘The One Stop’ offering, the investment ethos and approach, relationship advisers as well as the Bank’s wealth management network events program for High Net Worth Individuals (HNWI).
“We are delighted with this recognition from World Finance magazine. This award stands as testament to AfrAsia Bank’s commitment to building privileged relationships with its clients and providing sound wealth management solutions tailored to suit their individual, family and wealth legacy aspirations,” said the General Manager and Executive Director of AfrAsia Private Bank, Thierry Vallet.
To help clients achieve their financial aspirations, the Bank also continues to provide innovative investment solutions in line with market movements through its asset management arm, AfrAsia Capital Management (ACM).
“Asset management has always been an important component of AfrAsia Bank’s private banking offering and more synergies are expected to arise as ACM continues to fuel and complement the wealth management business line while playing a fundamental role in the provision of expertise to private banking clients,” commented the Chief Executive of AfrAsia Capital Management Limited, Swadicq Nuthay.
So far, AfrAsia Bank has recorded a 58% expansion in its Private Banking individual client base, with deposits increasing by 50% over the past financial year.
Finally, in line with tailoring the most rewarding experiences for its clients, the Bank aims at differentiating itself through unique products with priceless privileges, including leveraging its pioneering rewards program, XtraMiles.