Stanbic creates one-stop unit targeting wealth seekers

What you need to know:

  • Officials said the decision to form a full-fledged arm for the wealthy was guided by customer needs and demand.
  • Wealth becomes Stanbic’s third dedicated unit after Personal and Business Banking and Corporate and Investment Banking arms.
  • A report by realtor Knight Frank earlier in the year showed that Kenya’s super rich, especially those looking for a second home, are likely to invest abroad.

Mid-tier lender Stanbic Bank Thursday launched a new business unit targeted at helping clients grow wealth through a diversified set of on- and off-shore financial and investment services.

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