BrandArena: AfrAsia Bank’s Private Banking strength affirmed by Seven Euromoney accolades

Wednesday 4 March 2015

AfrAsia Bank’s Private Banking strength affirmed by Seven Euromoney accolades

The 2015 Euromoney Private Banking Survey has awarded AfrAsia Bank several accolades for private banking services, the most prominent being ‘Best Private Bank in Mauritius 2015’.

The award ceremony and gala dinner were held on Thursday 12th February at Plaisterers’ Hall (London) and attended by Garry Sharp, Head of Private Equity and London Representative Office of AfrAsia Bank.
From left to right: Rory Bremner Euromoney Presenter, Garry Sharp AfrAsia Bank Head of Private Equity and London Representative, Helen Avery Euromoney Private Banking Editor
Carried out annually, the Euromoney survey is primarily based on a peer ranking methodology with a section dedicated to market feedbacks. Listed on the London Stock Exchange, the magazine is cited as one of the leading benchmarks in the global wealth management industry.

“It is extremely gratifying to be recognised by our peers across such a breadth of categories particularly receiving this acknowledgement of the strength of our Private Banking offering in Mauritius. These awards are recognitions of our continued excellence in wealth management and our global capabilities to provide unparalleled financial solutions to our customers. We wish to thank our clients for their trust in our bank as well as the can-do attitude of our employees,” said James Benoit, CEO of AfrAsia Bank.

AfrAsia Bank’s Private Banking business has been honoured in the industry in various categories for an unprecedented fifth consecutive year by Euromoney. The Bank continues to recognise the need for an active advisory technique in investment and aims at exceeding clients’ expectations and meet their needs with tailored investment solutions through a timely process in all transparency.

AfrAsia Bank won its first Euromoney award in 2011, and subsequently in 2012, 2013 and 2014. It is the first time AfrAsia Bank has won seven awards at the same edition of the Euromoney Private Banking Survey – which brings its record to a total of 13 awards since 2011.

“Winning these awards on a global stage serves as recognition of AfrAsia Bank’s unflinching commitment to create value for its niche market and differentiate itself through innovative banking solutions. These accolades cement our position as a preferred provider of holistic wealth management solutions to high net worth (HNW) clients," commented Thierry Vallet, General Manager of AfrAsia Bank.

AfrAsia Bank continues to provide innovative investment solutions in line with the market conjuncture through its asset management arm, AfrAsia Capital Management (ACM), where the Bank has also been awarded by Euromoney for its outstanding performance.

“Asset management has always been a fundamental component of AfrAsia Bank’s Private Banking and Wealth Management offering.  We are continuously leveraging this synergy to deliver innovative investment solutions and tailor-made customer-oriented services,” commented Swadicq Nuthay, Chief Executive of AfrAsia Capital Management Limited.

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 its World MasterCard credit card and pioneering rewards program, XtraMiles.

The Bank has recently been awarded by World Finance Magazine as ‘Best Wealth Management Provider in Mauritius 2014’. After 7 years of success story, AfrAsia Bank continues to invest in its delivery capabilities and its people to better serve customers focusing on the four core business lines: Corporate and Investment Banking, Private Banking and Wealth Management, International Banking Solutions and Treasury, to position the Bank as a Private Banking specialist offering innovative solutions to clients both locally and internationally.

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