AfrAsia Bank awarded as ‘Best Wealth Management Provider in Mauritius 2014’

19th January 2015

The awards methodology was based on a series of questions revolving around the value proposition of ‘The One Stop’ offering, the investment ethos and approach, relationship advisers as well as the Bank's wealth management network events program for High Net Worth Individuals (HNWI).

“The aim is to position the Bank as a Private Banking specialist offering innovative solutions to clients both locally and internationally. This award is recognition for our continued excellence in wealth management and our global capabilities to provide a unique value proposition to our customers. We wish to thank our clients for their trust and support in our bank,” said James Benoit, CEO of AfrAsia Bank.

In line with maintaining its quality and service differentiation, AfrAsia Bank has continued to invest in its delivery capabilities and its people to better serve its customers focusing on core business lines: Corporate and Investment Banking, Private Banking and Wealth Management, International Banking and Treasury.

AfrAsia Bank has recorded an expansion in its Private Banking individual client base by 58%, with deposits increasing by 50% over the past Financial Year. In line with tailoring the most rewarding experiences for clients, the Bank aims at further differentiating itself through unique products with priceless privileges, including leveraging its pioneering rewards program, XtraMiles.

“We are delighted of this recognition from World Finance magazine. This award stands as testament to AfrAsia Bank's commitment to building privileged relationships with its clients and providing sound wealth management solutions tailored to suit their individual, family and wealth legacy aspirations," said Thierry Vallet, General Manager.

To help clients achieve their financial aspirations, the Bank also continues to provide innovative investment solutions in line with the market conjuncture through its asset management arm, AfrAsia Capital Management (ACM).

“Asset management has always been an important component of AfrAsia Bank’s private banking offering and more synergies are expected to grow as ACM continues to fuel and complement the wealth management business line while playing a fundamental role in the provision of expertise to private banking clients,” commented Swadicq Nuthay, Chief Executive of AfrAsia Capital Management Limited.