FNBB Reboots Wealth Management Services

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The squeeze on net interest margins has compelled the First National Bank of Botswana (FNBB) to replace lost revenues with non-interest income from wealth management.

Wealth management is a high-level professional service that combines financial or investment advice, accounting or tax services, retirement planning and legal or estate planning for one fee.

Waziba Pansiri, a wealth manager at FNBB, said wealth advisory is an important support arm of the private bankers at the bank’s private clients.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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