AfrAsia Bank voted Best Private Bank in Mauritius in the 2011 by Euromoney

The 2011 Euromoney Private Banking Survey has ranked AfrAsia Bank as the Best Private Banking Services provider overall in Mauritius. The Bank services the unique needs of high net worth customers through a winning partnership with AXYS Capital Management locally and in the region.

During a press conference held at the Bank’s headquarters in Port Louis, James Benoit, CEO of AfrAsia Bank, said, “We are very proud that our private banking services have been recognised by the industry in just over three years of operations. The fact a Mauritian headquartered bank such as AfrASia has won it also reflects a global trend that clients want expertise and decision taking that is closer to them. Most importantly, this award reflects our unrivalled commitment to collaborative and privileged relationships that we build with our customers, providing them with sound financial advice, innovative banking products and carefully considered wealth management solutions for every stage of their wealth development.”

The annual Euromoney Private Banking Survey provides a qualitative and quantitative review of the best services in private banking, by region and by areas of service. The Survey covers both global and regional categories and includes over 65 countries, as well as the vast array of services that wealth management provides. Factors such as assets under management, profitability, ratio of clients to relationship managers and services offered, among other things, are all considered when ranking the top private banks. The Private Banking Awards are the most prestigious in the growing area of wealth management. They are voted for by the people who know the industry best, the private bankers themselves.

“With the unique product offering including Titanium Cards, innovative savings packages and investment solutions coupled with this prestigious award, we are well placed to take full advantage of AfrAsia Bank’s expansion plans into the region. However, none of this would have been possible without the continued dedication and can-do-attitude of our people as well as the trust and support of our clients who believed in our vision right from the start,” added Thierry Vallet, Head of Private Banking & Strategic Development of the Bank.

Since its launch, AfrAsia Bank has been targeting the affluent side of the local and regional market whether entrepreneurs, executives or their families. Several private banking and private wealth management solutions have been devised in to serve a clientele with complex financing and investment needs. The Bank is also pursuing an ‘audacious’ strategy to tap into the growing trade, investment and capital flows between Africa and Asia that are now increasingly evident. The Bank was among the first to recognize the growth potential of the African Lions in marching the rise of the Asian Tiger economies and is has been setting up capital investment structures in South Africa, India, Singapore and Australia to facilitate money flows into Africa.