Stanbic Engages NBFIS

Correspondent | Monday August 8, 2016 13:18

As a significant partner to this sophisticated client base, Stanbic Bank is championing growth in the sector through innovative and relevant financial product solutions. This was made clear at the NBFI stakeholder engagement held on Thursday August 4, 2016, hosted by Stanbic Bank’s Corporate and Investment Banking (CIB) Division.

The event featured various local NBFI sector players ranging from stockbrokers, insurance brokers, pension funds and pension fund consultants and asset managers. As Botswana’s financial services sector continues to grow even outside of retail banks, opportunity for support in this space has increased in recent years, with Stanbic Bank’s CIB Division playing an integral role.

“At Stanbic Bank Botswana, we offer a wide range of tailor-made investment solutions to suit the needs of our customers. We value and recognise the critical role played by our NBFI clients in the growth and development of our local economy.” said Sheperd Aisam, Head of Corporate and Investment Banking, Stanbic Bank Botswana.  “This conference serves as a platform for us to share our insights, and contribute towards the economic growth initiatives driven by our clients. Stanbic Bank is committed to supporting the local NBFI sector and driving its growth beyond Botswana’s borders through the long term partnerships we hope to foster beyond this conference.”

Stanbic Bank’s Investor Services division has serviced  the NBFI sector for over 20 years, rendering it the oldest and most experienced custody and trustee franchise in the country. It has a wealth of expertise that provides custody services to clients investing across the region in 15 markets where Standard Bank Group has presence and over 100 markets globally through a unique and exclusive Global Custody Offering. Stanbic Bank’s custody services entail safekeeping of financial assets, trade settlements, asset servicing (corporate actions) and market and regulatory development reporting.

In addition, Stanbic Bank investor services provides robust reporting designed to meet the unique and sophisticated information needs of clients through innovative and convenient channels.

These include the Investor Services Online application that gives clients access to their securities portfolios across different markets. Stanbic Bank Investor Services is also a leading provider of Trustee Services for Collective Investment Undertakings (CIUs) with a robust framework to ensure compliance to the CIU Act, CIU Regulations, Notices, Circulars and the Main and Supplemental deeds.