Stanbic Bank commits to expanding wealth creation and economic empowerment across Africa

Stanbic Bank commits to expanding wealth creation and economic empowerment across Africa

Stanbic Bank has reiterated its commitment to helping clients navigate the evolving wealth landscape to build and preserve wealth across generations.

The pledge was made at the 2025 Stanbic Trustees Cup Dinner at the Accra Polo Club.

The dinner, which preceded the annual Stanbic Polo Trustees Cup, brought together the Bank’s executives, high-net-worth clients and industry leaders to reflect on sustainable wealth and legacy creation, and Africa’s evolving financial landscape.

Speaking at the event, Ben Mensah, Head of Private Bank for Africa Regions at Standard Bank, said the continent’s affluent population is expanding rapidly, and the Bank’s mission is to serve as a trusted partner on their financial journeys.

“Across Africa, the affluent segment continues to grow, and as the continent’s largest bank by asset size, we have a responsibility to help propel that growth.

“Our goal is to ensure that the reasons clients choose us and stay with us remain compelling. We want to remain relevant in their businesses, their lives and homes.”

According to him, Stanbic Bank is investing in the continuous training and certification of its relationship managers to ensure they are equipped to engage clients meaningfully on wealth matters.

“It’s not just about selling solutions. It’s about how we engage. We are deliberately equipping our teams through professional certifications so they can guide clients confidently through complex financial decisions,” he noted.

Mr Mensah also highlighted how the concept of wealth has evolved beyond physical assets to encompass purpose, experience, and long-term impact.

“Wealth today is more dynamic. It’s not only about accumulation. It also focuses on preservation, diversification, and legacy. We help clients ask themselves important questions.

For instance, “What are you leaving for the next generation? How do you protect what you’ve built? That’s where real value lies.”

The Head of Wealth and Investment, Sheila Andah, in her welcome address, said the Trustees Cup embodies the idea of stewardship, the act of preserving and passing on wealth and values.

“The Stanbic Polo Trustees Cup reminds us of the importance of legacy and responsibility. We are honoured to walk this journey with our clients, helping them turn aspirations into reality while shaping the kind of legacy they wish to leave behind.”

Adding a global perspective, Charles Molteno, Chief Executive of Standard Bank Jersey, acknowledged that while Africa continues to face economic and political volatility, the continent is becoming more resilient and increasingly influential in global financial discussions.

“Africa has had her fair share of challenges, but today we see that uncertainty is no longer limited to one region; it’s a global phenomenon that creates space for Africa to take a more proactive role in shaping her financial future.”

He added that Standard Bank’s offshore services help clients to manage global risks and access new opportunities beyond local markets.

“Our focus is to help clients balance risk with opportunity. Through our offshore offerings, we enable African clients to diversify their wealth and engage globally without losing their local heritage. Ultimately, our business is about people, building relationships and providing trusted advice.”

The evening concluded with a networking session among clients and partners about investment strategies, intergenerational wealth transfer, amongst others.

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