SBB sponsors Botswana Pension Society Trustee seminar
Staff Writer | Tuesday August 22, 2017 16:39
“SBB is passionate about working to provide financial service support to Batswana in a bid to move Batswana forward. This is inclusive of custody and related services for pension funds and other institutional investors,” says a statement from the bank.
This year’s Trustee Seminar attracted various key speakers including Stanbic Bank Botswana Head of Investor Services, Vincent Baituti who presented on Custodial Services, and created awareness on the imperative need and benefit of these services to institutional investors.
He also underscored SBB’s aim to continue playing a meaningful role in developing local pension fund industry and capital markets.
Other contributors were Botswana Accountancy Oversight Authority (BAOA), Non-Bank Financial Institution Regulatory Authority (NBFIRA) and Botswana Unified Revenue Services (BURS).
“We are proud of the strong record we have in custodial services as SBB, and therefore see our partnership with BPST as an opportunity to truly make a difference.
After all, progress through collaboration is a key belief and practice of the Bank. We are committed towards participating in improving the technical knowledge of retirement fund trustees, and are grateful to be able to get involved in this way.
We want to make every effort to better how we support and promote retirement industry knowledge amongst pension fund members, trustees, service providers and the general public,” Baituti said on behalf of SBB.
“The decision to partner with BPST and sponsor the renowned conference builds on the fact that SBB is part of the Standard Bank Group, the largest bank in Africa by assets and also the biggest custodian bank in Africa”.
SBB is the oldest and one of the leading custody services provider across all client segments, with a firm determination to play an even stronger role in this space.
This is by virtue of the fact that SBB has close ties to all key strategic market entities, along with a strong risk and compliance management framework.
Further, the Bank continues to deliver highly rated and even rewarded service standards and bespoke solutions, including but not limited to: Investor Services Online, Regional and Global Custody Services, and Investment Administration.
“We are grateful to SBB for their decision to participate as well as sponsor the event. Our efforts to engage with our Trustees and broader stakeholders are vital towards us delivering on our mandate, and this is done through information sharing events such as Member Awareness Seminars, Topical Trustee Seminars and the Annual Conferences.
These are fully-funded by the Society. Thus, sponsorship and support such as this goes a long way towards helping us make a lasting impact, and so we thank the leadership of Stanbic Bank wholeheartedly,” BPST Chairperson, Peter Hikhwa, said.
BPST is a non-profit making body that acts as a lobby group in respect of any legislative or other matter which affects the retirement industry. The Society promotes awareness amongst members as to their rights and responsibilities and demonstrates the benefit of retirement schemes to employees, employers and to the country’s economy.