Stanbic Bank Kenya has launched a new business unit dubbed Wealth dedicated to offering a range of financial services including Life and General insurance, investments, health solutions and international products/services for individual and business clients across all points of contact with customers.
It becomes the bank’s third business unit, dedicated to serve the bank’s growing Personal and Business Banking, as well as Corporate and Investment Banking client base.
Speaking during the launch, Stanbic Bank’s Regional Head of Wealth (East Africa), Adam Jones said that the renewed focus on the wealth offering is guided by customer needs and demand.
“Our customers in Kenya are getting more sophisticated. We have more and more individuals and organisations seeking wealth-type products. It is this demand that we intend to cater for by offering the best range of financial services and products; hence the decision to give it the right focus within the organisation with the creation of this unit. We expect this trend to continue growing in Kenya, which holds the best outlook for long term investment,” He said.
Adam Jones said the new division will leverage on the capabilities of Stanbic Bank Kenya as well as strategic partnerships with Liberty Group.
Through the connections to offshore capabilities in Isle of Man, Jersey and Mauritius, as well as onshore capability, Stanbic Bank Kenya says it will offer investment products and solutions across all customer segments.
