Investec Private Bank – an entrepreneurial flair for wealth creation From inception, Investec Private Bank has partnered with high net worth individuals and their businesses, as well as high income earning professionals, to help manage, grow and preserve their wealth. Its distinctiveness lies in in-depth personal service to clients and an entrepreneurial approach to wealth management – from innovative transactional banking through to financial leveraging.
Above: Paul Hanley, Head of Investec Private Bank South Africa Left: Reception, Investec Bank, 100 Grayston Drive, Sandown, Sandton, South Africa
Early on Investec recognised that a traditional European-style wealth management and advisory service model would be inappropriate for the South African dynamic, where high net worth individuals tend to be active rather than passive. Investec Private Bank therefore positioned itself as the wealth generator of choice, proactively seeking opportunities to create distinctive value for clients. “A principle focus for Investec Private Bank is to partner our clients to grow their assets. Our approach is one of collaboration,” says Paul Hanley, Head of Investec Private Bank South Africa. “We also use the Investec group’s skills in risk management and investment banking for our clients’ benefit. We are always on the look out to match clients to opportunities and opportunities to clients”. “Our performance is underpinned by our fundamental and aspirational philosophy of ‘out thinking’, as opposed to ‘out muscling’, our competitors. This means being better and – more importantly – noticeably different in the way we manage and create wealth for our clients,” adds Paul. This philosophy has been acknowledged by Investec’s peers, which cited it as the “Best Private Bank in South Africa” for five years, in the PricewaterhouseCoopers Strategic and Emerging Issues in South African Banking Survey. Furthermore, Investec Private Bank’s commitment to inventiveness for clients culminated in a nomination for the “Best Private Bank Internationally for Innovative Products and Services” in The Private Banker International Awards 2005, along with Goldman Sachs and Credit Suisse. Established in 1974, Investec is an international specialist banking group that provides its discerning clients with specialised financial products and advisory services. Investec Private Bank, a division of the Investec group, has operations in South Africa, London, Ireland, the Channel Islands, Switzerland and Australia. As the “investment bank for private clients”, its international expertise covers six specialisations: • Banking and Treasury, offering a full selection of foreign exchange, daily banking, deposit, treasury and cash investments, and lending products and services • Specialised Lending, focusing on tax-based lending to enhance investment returns, diversify investment interests and maximise liquidity • Structured Property Finance, offering property financing to property managers, developers and portfolio investors • Investment Management for ultra high net worth individuals, optimising their financial position by actively seeking new and innovative investment opportunities and products individually tailored for clients • Growth and Acquisition Finance, providing acquisition finance for privately owned businesses, to enable them to acquire competitors and working capital facilities • Trust and Fiduciary Services, offering a range of fiduciary and advisory products and services to assist clients with their estate planning and related structuring needs Investec Private Bank is well positioned to provide specialist personal financial services to high income and high net worth individuals, entrepreneurs, and property developers and investors. In South Africa, its service offering is complemented by fresh, competitive and exclusive banking products. These include daily transactional banking, foreign exchange, treasury and cash investments, home loans, motor vehicle financing, movables and equipment finance, practice finance, and personal and business short-term insurance. “We break china for clients,” says Paul Hanley. “It’s one of our core values and the one which enables us to stay ahead of our competitors. Thinking creatively to solve problems for our clients is a new challenge every day and one that unlocks our entrepreneurial spirit.” Investec Private Bank, a division of Investec Bank Limited registration number 1969/004763/06. Investec Private Bank 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.investecprivatebank.co.za. An authorised financial services provider.
Best of South Africa
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