FirstBank Ghana has launched a Private Banking and Wealth Management service aimed at high-net-worth individuals. This service is designed to help clients preserve and grow their wealth while providing tailored financial advisory solutions. A formal launch is slated for later this year, showcasing the bank’s commitment to wealth management and customer service.
FirstBank Ghana has launched its Private Banking and Wealth Management service aimed at high-net-worth individuals to assist them in preserving and augmenting their wealth. This initiative emerges from the bank’s extensive expertise and a commitment to a customer-focused approach, intending to enrich its service offerings within the Ghanaian financial market.
The objective of this new service includes delivering tailored financial advisory solutions that empower clients to navigate the complexities of economic conditions while optimizing their investment portfolios. The official announcement was made on March 14 during an event attended by executives from FirstBank’s operations in Ghana, Nigeria, and the United Kingdom, marking its significance in the financial sector of Ghana.
Managing Director and CEO of FirstBank Ghana, Victor Yaw Asante, underlined the necessity of segmenting clients based on their financial requirements. He indicated that while the bank offers various banking solutions, this new service specifically addresses the needs of individuals seeking to safeguard their wealth from economic challenges like inflation and currency depreciation.
Mr. Asante remarked, “We recognise that individuals with significant wealth require specialised financial solutions. Our Private Banking and Wealth Management service is designed to ensure that our clients’ wealth is not only preserved but also strategically grown through carefully selected investment instruments.”
Asante reasserted that the bank’s ambition lies in providing exceptional services tailored to customer requirements rather than competing for market share. He stated, “We already have customers who require these specialised financial solutions. This introduction is a step towards ensuring they receive world-class wealth management services right here in Ghana.”
The official launch of this service is anticipated later in the year, further solidifying FirstBank’s position as a reliable ally in wealth creation and preservation. During the event, Group Executive for Private Banking and Wealth Management at FirstBank Nigeria, Idowu Adebayo Thompson, emphasized the importance of structured wealth management, noting that a significant portion of wealth is often lost over generations.
Thompson commented, “Ghana is at the frontier of many economic changes, and with the right financial planning, individuals can protect their wealth from inflationary pressures and currency fluctuations. The democratisation of wealth means financial solutions should be accessible to more people, not just the ultra-rich.”
He also pointed out promising investment opportunities in sectors like real estate, infrastructure, technology, and agriculture available to FirstBank clients. Furthermore, Olukorede Adenowo, Managing Director and CEO of FirstBank UK, highlighted the stability and security offered by global banking, boasting FirstBank’s extensive experience and global presence as beneficial factors for clients.
He stated, “We provide financial instruments such as fixed-income products, equities and real estate investment opportunities. Additionally, for clients looking to invest overseas, we offer mortgage solutions that allow them to own properties abroad, securing their assets against economic uncertainties.”
The introduction of FirstBank Ghana’s Private Banking and Wealth Management service marks a significant advancement in financial offerings for high-net-worth individuals in Ghana. By providing specialized financial solutions and investment strategies, the bank positions itself as a trusted partner in wealth preservation and growth. With a focus on client-centric services and an emphasis on tailored solutions, FirstBank aims to support individuals in mitigating economic uncertainties while promoting financial accessibility across varying wealth spectrums.
Original Source: www.graphic.com.gh
