Johannesburg - Nedbank Private Wealth says it has cemented its leadership position in Africa’s private banking sector by being named the Best Private Bank in Africa at the prestigious Global Private Banking Awards.

The Global Private Banking Awards, hosted by Professional Wealth Management and The Banker Magazine, celebrate leading private bankers and wealth managers across the globe. With over 150 entrants this year, the bank said this recognition solidifies its position as a leader in the industry.

According to Nandiswa Mxokozeli, Managing Executive of Nedbank Private Wealth, the bank’s success at the awards reflects its steadfast dedication to excellence in delivering holistic wealth management solutions to high-net-worth clients. "Through our personalised and innovative wealth management solutions, we remain focused on empowering our clients to achieve their financial aspirations with confidence."

Nedbank Private Wealth explained that its Connected Wealth philosophy is centred on providing holistic, objective, and globally integrated advice that connects its clients to the resources, solutions, and expertise they need to optimise their wealth and achieve their definition of success.

Mxokozeli further explained that this Connected Wealth framework ensures that Nedbank Private Wealth offers a comprehensive suite of wealth solutions – from personalised private banking and bespoke wealth planning to tailored investment strategies – all designed to cater to the distinct needs of each client, offering them not only expert guidance but also the tools to make informed, strategic decisions.

She emphasised that Nedbank Private Wealth prides itself on its ability to guide clients through calculated risk-taking, diversification and a wealth-building strategy that is both robust and adaptable. Whether through wealth planning or innovative investment solutions, she said, Nedbank Private Wealth ensures its clients have the means and confidence to pursue their financial goals.

"Our role is not just to manage wealth, but to be a trusted partner in helping clients grow, protect and pass on their wealth to future generations,’ added Mxokozeli. ‘This award not only reinforces our reputation as a leader in private banking – trusted by clients across Africa and globally – but is also strong motivation for us to continue on this path, providing the highest standard of expertise and service to our clients."