Investec named SA's best private bank and wealth manager
London's Financial Times accolade recognises group's face-to-face, deep client relationships and personalised financial ecosystem
For the 11th year in a row, Investec has been named SA’s best private bank and wealth manager by the Financial Times of London.
“It’s an immense honour to receive this award and we thank our clients, staff and shareholders,” says Cumesh Moodliar, head of Investec Private Banking SA.
“Our people take great pride in creating a truly client-centric business that delivers 'Out of the Ordinary' experiences and exceptional service. We are delighted that their dedication has been recognised by this respected accolade.”
Moodliar explains: “We’re reframing what it means to be an Out of the Ordinary partner. Private banking has become so commoditised that people have forgotten it’s supposed to be a valuable, highly personalised experience.”
Investec stands out as a business that genuinely puts its clients first by offering a service that is highly individualisedJoubert Hay, CEO of Investec Wealth & Investment International
Investec values setting the private banking benchmark on service through face-to-face, deep client relationships and their 24/7 global client support centre.
Their specialist private bankers, wealth managers and other specialists work together as a team to service clients’ diverse needs.
One of their greatest strengths is Investec One Place, a collaboration between Investec Private Banking, Wealth & Investment, and the broader business.
This holistic, multigenerational solution puts clients at the centre of an integrated and personalised financial ecosystem that is unique in the SA market, able to service clients wherever they go — both locally and internationally.
Investec has an extensive and growing international footprint across SA, the UK, Mauritius and the Channel Islands. In addition, Investec is the only financial institution in Africa with a Swiss banking and wealth management licence.
Investec Switzerland is for high-net worth clients, families and trusts. It offers all Investec’s investment products across all asset classes, cash solutions, execution and custody services, Lombard lending, multiple currency accounts and foreign exchange dealing.
According to Joubert Hay, CEO of Investec Wealth & Investment International, this is a distinctive proposition.
“Investec stands out as a business that genuinely puts its clients first by offering a service that is highly individualised according to your unique family needs,” he says.
“Clients know that wherever they are in the world, Investec will be able to help them manage their finances in a way that supports the achievement of their financial goals.”
While catering to global citizens is nothing new for Investec, Moodliar believes life has become more complex for many of Investec’s clients.
“Semigration and emigration have introduced new challenges for our clients and for our business. It’s our aim to provide a service that is nimble and expert enough to adapt to clients’ ever-changing circumstances,” he says.
“We have the specialist skills needed to follow our clients’ wealth, no matter where in the world it goes.”
We have the specialist skills needed to follow our clients’ wealth, no matter where in the world it goesCumesh Moodliar, head of Investec Private Banking SA
These skills include an expanded and enhanced tax and fiduciary team that delivers cross-border tax opinions, international wills, global estate plans, exchange control and special externalisation applications, cross-border structuring, family trust deeds and constitutions, and guidance on the sale of businesses.
Clients are also demanding financial solutions that have a meaningful societal impact. Many want to leave a legacy through strategic philanthropy, while others require the explicit incorporation of sustainability considerations into investment approaches.
“At Investec, we have prioritised the integration of environmental, social and governance (ESG) factors into our investment decision-making. This means we’re well-placed to help clients invest their money in sustainable ways to deliver enduring ESG benefits,” says Hay.
This article was sponsored by Investec.
Investec Private Banking, a division of Investec Bank Limited registration number 1969/004763/06. Investec Private Banking is committed to the Code of Banking Practice as regulated by the Ombudsman for Banking Services. Copies of the Code and the Ombudsman's details are available on request or visit www.investec.com. A registered credit provider registration number NCRCP9. Investec Wealth & Investment International (Pty) Ltd, registration number 1972/008905/07. A member of the JSE Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and Interest Rate Derivatives Markets. An authorised financial services provider, license number 15886. A registered credit provider, registration number NCRCP262. The disclaimer is deemed to form part of this message in terms of Section 11 of the Electronic Communications and Transactions Act 25 of 2002.