NAIROBI : CfC Stanbic Bank’s wealth and investment  division has been named the best private bank in Kenya at the global private banking awards in Singapore.

The head of wealth and investment Anjali Harkoo said the award was a testimony to the quality of the bank’s customized solutions in investment management, succession planning and generational wealth transfer.

“We are honoured to be recognised as the best private bank in Kenya. It is the first time that a Kenyan bank has been picked and it reflects our unwavering commitment to providing our high-net worth clients and their families with first class wealth planning and investment advice through our wealth and investment division,” she said.

The award is organized by the Banker and Professional Wealth Management Magazine, which is a publication of the Financial Times Group.

Banks are evaluated on the client relationship management blueprints and how they have adapted portfolio management, asset allocation and product strategy to meet investors’ changing needs and attitude to risk.