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SA: Investec tops again South Africa’s rankings of best private banks
The South African banking institution has been crowned in London country’s best private bank, winning the title for fifth time in a row.
Investec Private Banking and Wealth & Investment won the award at the Global Private Banking Awards organized last week by the Financial Times of London.
The bank ticked off major criteria including excellence in private baking and wealth management.
Investec was the first bank to combine the benefits of credit card and transactional accounts, the award organizers notes. It was among first banks to introduce applications making banking easy therefore enabling clients to get informed of their stock-brokering capabilities.
The bank is credited for its One Place philosophy as an example of innovation that best delivers on client needs.
The philosophy according to Deon Katz, head of Investec Private Bank South Africa helped meet the needs of clients in a global market place.
The institution has seen its figures improved over past years at home and even overseas despite tough competition.
Its leading books increased by 11percent, with number of accounts also on the rise, 10 per cent locally and by 59 per cent in the UK in the past few years.
One of its innovations is Youth Account recently launched.
Investec Wealth & Investment currently manages a total asset of around $71 billion deposited by its clients around the world.
