By CONSTANT MUNDAMore by this AuthorMid-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. The unit, Stanbic Wealth, will offer individuals and firms a one-stop shop for life and general insurance, investment opportunities and health services. “We expect this trend to continue growing in Kenya, which holds the best outlook for long term investment.”Wealth becomes Stanbic’s third dedicated unit after Personal and Business Banking and Corporate and Investment Banking arms. Top destinationsThe 2017 Knight Frank Wealth Report suggested that the UK, South Africa, Mauritius, Spain and the US were the top five favourite destinations for the country’s wealthy in that order. This is the reason we are integrating Wealth across our range of financial services so that we can offer universal banking and financial services solutions proposition more holistically and seamlessly from a single point of contact,” Mr Jones said.

Source: Daily Nation November 16, 2017 08:15 UTC