- published: 04 Dec 2014
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Ciaran Whelan, global head of private banking and Henry Blumenthal, head, Wealth & Investment, South Africa at Investec talk to Yuri Bender about developments in the South African market, branding and growth plans for the future. In 2014, Investec wo
Private banking in Africa is expected to grow at the rate of 7 per cent every year, driven by a rising number of high net worth individuals. According to the 2016 wealth report by Knight Frank, the class of super-rich will grow by 80 per cent by 2025 to fifteen thousand and three hundred individuals. CNBC Africa's Charles Gitonga spoke to Anjali Harkoo, Head of Wealth and Investment at Stanbic Bank on what this depicts of the economy.
Most of us aspire to have our own private banker. For years it was cheaper to bank with high-touch Investec. Any graduate with prospects was welcomed with open arms and got a better fee deal than the big four would give them. This is changing. In 2012 Investec's monthly banking charges were R295 now they are R400 -- a 35% increase. Tonight, Bruce Whitfield speaks to Ryan Tholet, South Africa head of Investec Private Banking about the private banking landscape and challenges.
(www.abndigital.com) In this episode of Mansfield's Money Sense, Jeremy Mansfield takes a look at Private Banking and what is involved in qualifying for the service. Jeremy is joined in studio by Mohale Ralebitso, Managing Executive of Private banking at ABSA and Harold de Kock, Head of Sales and Service at BoE Private Clients.
Activity in South Africa's private sector fell to its lowest in 14 months in June as employment, output and new orders slipped, a survey showed on Wednesday. The Standard Bank South Africa Purchasing Managers' Index dropped to 49.0 in June from 50.2 in May. Any reading below 50 suggests contraction, while a reading above 50 indicates expansion in the sector, as the Business Insider reports. Among components, output, new orders, employment and stocks of purchases all registered declines in Jun… READ MORE : http://www.africanews.com/2017/07/05/south-africa-s-private-sector-contracts-in-june Africanews on YouTube brings you a daily dose of news, produced and realised in Africa, by and for Africans. Africanews is the first pan-African multilingual media outlet, unique in its concept and vi...
http://www.weforum.org/ How are digital financial solutions helping start-up and scale-up entrepreneurship in Africa? Dimensions to be addressed: - Incubating start-ups supported by legacy providers - Using data to make better credit decisions - Expanding access to credit through mobile markets This session was developed in partnership with CNN. - Fabrice Alomo, Chief Executive Officer and Founder, AMoney, Cameroon - Ineke Bussemaker, Chief Executive Officer, National Microfinance Bank (NMB), Tanzania - Stephen van Coller, Vice-President, Digital Services, Data Analytics and Business Development., MTN Group, South Africa - Uzoma Dozie, Group Managing Director and Chief Executive Officer, Diamond Bank, Nigeria Moderated by - Eleni Giokos, Business Correspondent, CNN International, Sout...
The African Development Bank has a vision for Africa: a continent with coherent agricultural policies, plentiful electric power, intelligent infrastructure and vastly improved employment opportunities. Akinwumi Adesina, the bank’s president, explains. Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
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South Africa's banking sectors faces a myriad of threats with two ratings agencies already having downgraded the country to junk status, weak economic growth outlook and greater calls for transformation in the sector. On this episode of the MoneyMakers, Bruce Whitfield discusses the sale of Mercantile Bank by its parent company, Caixa Geral de Depositos and how the downgrades impact the bank's funding of entrepreneurs with Karl Kumbier, CEO of Mercantile Bank.
Walid Shash, Head of MENA Region, and Mohamed Abdellatif, Dubai Site Manager, talk about the recognition of UBP as Best Private Bank in Middle-East by Banker Middle East Industry Awards. Learn more on UBP.com: https://ubp.com/en/news/ubp-awarded-best-private-bank-in
Like anywhere else in the world, a vibrant private sector is essential to meet the needs and aspirations of people in the Middle East and North Africa. But what are the key growth drivers and constraints for companies in the region? To find an answer to this question, the European Bank for Reconstruction and Development, the European Investment Bank and the World Bank launched a survey among over 6,000 private firms in eight countries. “The EIB is really well placed to contribute to local market development and to offer an alternative for a more inclusive growth in the region,” says Debora Revoltella, Director, Economics Department, European Investment Bank. Find out why in this video. Visit our website: http://www.eib.org/economics Follow us on Facebook: https://www.facebook.com/Europea...
The face of investment banking has altered quite significantly over the past year. The Banker celebrates those institutions that have been most innovative in adapting their businesses to this changing environment.
The Managing Director/Chief Executive Officer (CEO), Nnamdi Okonkwo appeared as a Guest on CNBC Africa TV (Power Lunch West Africa) on September 05, 2017. He talked about the Bank’s impressive H1 2017 results, factors responsible for the success story and outlook for the remaining half of the year.
Investec Private Bank is the investment bank for private clients. That automatically makes us very different from our peer group. Most private banks are wealth managers, they focus on the passive wealthy - Investec focuses on the active wealthy.
PBI editor Nicholas Moody speaks to Khalid Sattam,HSBC Private Bank's head of its investment advisory group for theMiddle East and North Africa, about winning Outstanding Private Bank Middle East,the region's intense competition and increasing demand for Islamic finance solutions. Interview held at the Private Banker International Awards 2010.
Opening Keynote at the Oxford Africa Conference 2017 introduced by Rutendo Chigora and moderated by Prof. Stefan Dercon. Dr. Donald Kaberuka is former President of the African Development Bank Group and Chairman of the Board of Directors. He stepped down on September 1, 2015 after ten years, and is considered as one of the most transformational leaders at the Bank. During his tenure as President of the African Development Bank, Kaberuka bolstered its franchise value, tripled its capital from USD 30 billion to USD 100 billion, and doubled the bank’s portfolio. He is a former Hauser Leader in Residence within the Center for Public Leadership at Harvard Kennedy School Kaberuka’s leadership was particularly characterized by a “big push” on the private sector and leading from the front on infr...
http://www.weforum.org/ African frontier markets attract about 1% of global private equity flows. How can the region’s capital markets deepen and broaden? Dimensions to be addressed: - Integrating and harmonizing cross-border market regulation - Increasing long-term corporate and government bonds - Advancing initial public offering activity •Raymond McGuire, Head, Global Banking, Citi, USA. •Maria Ramos, Chief Executive Officer, Barclays Africa Group, South Africa; Global Agenda Council on Africa. •John Rwangombwa, Governor of the National Bank of Rwanda; Global Agenda Council on the Future of Banking. •Hendrik du Toit, Chief Executive Officer, Investec Asset Management, United Kingdom. Moderated by •Matina Stevis, Africa Business Correspondent, The Wall Street Journal.
(www.abndigital.com) With forecast GDP growth in emerging markets exceeding that of developed economies for some years to come, equity markets in these economies have reacted accordingly with the MSCI Emerging Market Index outperforming the overall MSCI Global Index. Now, South Africa has certainly participated in the global upswing, evidenced by a stronger rand and robust performance of the JSE. Paolo Senatore is Head of Portfolio Management at RMB Private Bank and he joins us now to unpack the merits.