Standard Bank, which was founded almost 160 years ago, is looking beyond banking for new growth opportunities as it looks to become Africa’s premier diversified financial services group.

With a presence in 17 African markets beyond SA the bank’s recent buyout of Liberty minority shareholders will allow it to integrate the insurer’s short and long-term insurance products into its offering to tap new revenue streams on the rest of the continent. Add in asset manager Stanlib and the group has R1.4-trillion in assets under management (AUM), the third-largest in Africa after the Public Investment Corporation (PIC) and Ninety One...

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