FNBB launches special product for private clients

FRANCISTOWN: First National Bank of Botswana (FNBB) recently launched a Wealth Management Solution to its private clients designed to grow and preserve the wealth of high net worth clients.

The Head of FNBB Private Clients, Boitumelo Mogopa, said the uncertainty of the past 18 months had shaken individuals and households to the core, forcing them to re-look at their spending habits and prioritise."FNBB has had to do some reflection as well as to come up with innovative ways to continue to add value to our clients and to maintain the supportive role we play in their quest for financial freedom," Mogopa said.Each private client is assigned a Relationship Manager as his or her dedicated point of contact. The clients also have access to specialised Structured Lending and Comprehensive Financial Planning. "Through the Structured Facility, the Lending Specialist expertly scrutinises a client's balance sheet so as to identify those vital assets that can be used as a ticket to accumulating wealth," said Mogopa. "It is also a solution that gives clients total control over their capital and even affords them the liberty to realise their true worth."Through a dedicated Financial Planner, the bank aims to address clients' investment needs, cash-flow requirements, risk management, retirement planning, fiduciary services and estate planning. To expose private clients to higher returns, FNBB has partnered with Investec Asset Management to facilitate investment in the Botswana Managed Fund and Investec's Global Strategic Funds."Through the Botswana Managed Fund, FNBB Private Clients have the opportunity to achieve long-term capital growth via a well-diversified portfolio. The Fund pools contributions from various clients and collectively invests them in a professionally managed diversified portfolio of investments.

Editor's Comment
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