CFC Stanbic Bank Launches Millionaires Service
CfC Stanbic Bank Managing Director, Greg Brackenridge
CfC Stanbic Bank has launched an exclusive service for dollar millionaires in Kenya for the East Africa region. The private clients service targets high net worth individuals with investable assets in excess of Sh85 million ($1 million). According to the head of private clients service for Kenya Anjali Harkoo, they will provide a full spectrum of personalised investment solutions, specialised lending, risk solutions and transactional banking products.
She said research has shown that over 6,900 Kenyans qualify for this new kind of service dedicated to millionaires only. The bank offers the private client services in London, Jersey, Isle of Man, Mauritius, Nigeria, Argentina and South Africa,
“We are responding directly to the needs of the country’s wealthy, who are looking for a financial services partner to take care of their often complex wealth management needs”. Said CfC Stanbic Bank Managing Director Greg Brackenridge
The service is the first of its kind in Kenya where millionaires get Exceptional service, individual attention and absolute discretion. “In order to deliver on our value proposition we don’t plan to grow aggressively” said Harkoo
She said the bank has spotted an increasing number of new millionaires who would appreciate this kind of service, in addition to heirs of old wealth that needs professional management.
Source: the Star